Over the course of a long period of time. Repaying your loan ahead of schedule will save you money over the long term by reducing the amount of interest you'll have to pay.

What does the phrase in the long term mean?

phrase. You use the expressions in the long term, in the short term, and in the medium term to talk about what will happen over a long period of time, over a short period of time, and over a medium period of time.

Is it for the long term or in the long term?

When talking about the 'long term', we are talking about the noun 'term' which is described by the adjective 'long'. Example: We are planning for the long term. However, when the entire phrase is used to describe something else, a hyphen is used to show this.