Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Long-Tail Liability

Updated on 2023-08-29T11:59:18.551577Z

Long-Tail Liability is a liability having prolonged settlement time. These types of liabilities are expected to result in excessive incurred but not reported claims, due to the requirement of a long period of time for the claims to be settled.