plural of term
"The new contract outlines three years of service, and we will discuss renewal terms during our next meeting."
In plain English: Terms are the specific conditions or rules that people agree to when making a deal or starting an agreement.
"Please sign the agreement to confirm that you agree to these terms."
Third-person singular simple present indicative form of term
"When I say that he terms his actions as heroic, I am noting how he describes them in the third person."
In plain English: To term something is to officially name or label it with a specific word.
"The two companies finally agreed to terms after weeks of negotiation."
Derived from Old French terme and Latin terminus, the word originally meant a boundary or limit, particularly in legal contexts defining the extent of land or time. Its modern usage evolved to signify specific conditions or periods within which an agreement is valid.