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We found 3 dictionaries that define the word fat tail:

General (3 matching dictionaries)
  1. fat tail: Collins English Dictionary
  2. fat tail: Wiktionary
  3. Fat tail, The Fat Tail: Wikipedia, the Free Encyclopedia

Definitions from Wiktionary (fat tail)

noun:  A mass of fat stored in the rump of a beast as an adaptation to heat and harsh environmental conditions or selection by man.
noun:  The relatively high probability of a relatively extreme outcome.
noun:  (statistics, probability) A tail of a probability distribution with significantly higher kurtosis than a normal distribution (which has kurtosis = 0).
noun:  (statistics, probability) A tail of a probability distribution with infinite variance.

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