Leptokurtic is a term used in statistics to describe a specific type of probability distribution. A leptokurtic distribution has a higher peak and fatter tails compared to a normal distribution. This means that data points are more concentrated around the mean, with a greater likelihood of extreme values or outliers. In a leptokurtic distribution, the kurtosis value is greater than three. This characteristic indicates that the distribution has more pronounced peaks and tails, which can affect statistical analyses. Understanding leptokurtic distributions is important in fields like finance and psychology, where extreme outcomes can significantly impact results.