Steve, I have always heard the term "tails out" applied to a single tape as well as multiple tapes - so a single tape should really be noted as being "tail out" if it is because the end of the program is on the outside. Of course, programs have beginnings and ends, not heads and tails, so perhaps even better would be "end out". Even better for the layman who buys these things would be to describe them as as "played", which for a two track ought to be clear that it has to be rewound first before playing, although that might cause concerns about new vs used......
OK, I am having a pedantic morning - just couldn't figure out the origin of tails out. Clearly you don't want to store a tape in a rewound mode.