ˌlong-ˈterm [long-term] BrE NAmE adjective usually before noun 1. that will last or have an effect over a long period of time •a long-term strategy •the long-term effects of fertilizers •a long-term investment 2. that is not likely to change or be solved quickly •long-term unemployment compare ↑short-term
Example Bank: •It was a fairly long-term contract.