long-tailadjective
ukusINSURANCEhappening a long time after the start of an insurance agreement, or taking a long time to be decided:
a long-tail claim/risk This has paved the way for the company to handle old, long-tail claims.
long-tailnoun [ U ]
ukusECONOMICSalso Long Tail the idea that the availability of products online has changed the economy by allowing companies to make a profit selling small quantities of many products rather than large quantities of the same product:
Part of Virgin's success grew from carrying a diverse product line, which hints at author Chris Anderson's Long Tail theory.