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Could anyone tell me what limit is being referred to here?

Number of synchronous concurrent transactions for long-running transactions that last longer than 5 seconds for each org.2 is 10. 

If more transactions are started while the 10 long-running transactions are still running, they’re denied. HTTP callout processing time isn’t included when calculating this limit.

What is HTTP callout processing time?
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Sai PraveenSai Praveen (Salesforce Developers)