Term (time)

"Midterm" redirects here. For the academic test, see Midterm exam. For the type of U.S. election, see United States midterm election.

A term is a period of duration, time or occurrence, in relation to an event. To differentiate an interval or duration, common phrases are used to distinguish the observance of length are near-term or short-term, medium-term or mid-term and long-term.

It is also used as part of a calendar year, especially one of the three parts of an academic term and working year in the United Kingdom: Michaelmas term, Hilary term / Lent term or Trinity term / Easter term, the equivalent to the American semester. In America there is a midterm election held in the middle of the four-year presidential term, there are also academic midterm exams.

In economics, it is the period required for economic agents to reallocate resources, and generally reestablish equilibrium. The actual length of this period, usually numbered in years or decades, varies widely depending on circumstantial context. During the long term, all factors are variable.

In finance or financial operations of borrowing and investing, what is considered long-term is usually above 3 years, with medium-term usually between 1 and 3 years and short-term usually under 1 year. It is also used in some countries to indicate a fixed term investment such as a term deposit.

In law, the term of a contract is the duration for which it is to remain in effect (not to be confused with the meaning of "term" that denotes any provision of a contract). A fixed-term contract is one concluded for a pre-defined time.

Other terms

Look up term, short-term, medium-term, or long-term in Wiktionary, the free dictionary.

Term of office, the length of time a person serves in a particular office
Term of patent, the maximum period during which a patent can be maintained in force

Time

Key concepts

Measurement and
standards

Chronometry	UTC UT TAI Unit of time Planck time Second Minute Hour Day Week Month Year Decade Century Millennium Tropical year Solar year Sidereal year

Measurement systems	Time zone 12-hour clock 24-hour clock Daylight saving time New Earth Time Solar time Sidereal time Metric time Decimal time Hexadecimal time

Calendars	Gregorian Julian Hebrew Islamic Lunar Solar Hijri Mayan Intercalation Leap second Leap year

Clocks

Chronology
History

Religion
Mythology

Philosophy of time

Human experience
and use of time

Time in

Geology	Geological time age chron eon epoch era period Geochronology Geological history of Earth

Physics	Absolute time and space Arrow of time Chronon Coordinate time Imaginary time Planck epoch Planck time Proper time Rate Spacetime Theory of relativity Time dilation gravitational Time domain T-symmetry

other subject areas	Chronobiology Circadian rhythms Dating methodologies in archaeology Time geography

Related topics

Time portal

Time measurement and standards

Chronometry Orders of magnitude Metrology

International standards	UTC UTC offset UT ΔT DUT1 IERS ISO 31-1 ISO 8601 TAI 12-hour clock 24-hour clock Barycentric Coordinate Time Barycentric Dynamical Time Civil time Daylight saving time Geocentric Coordinate Time International Date Line Leap second New Earth Time Solar time Terrestrial Time Time zone

Obsolete standards	Ephemeris time Greenwich Mean Time Prime meridian

Time in physics	Absolute time and space Spacetime Chronon Continuous time Coordinate time Cosmological decade Discrete time Planck epoch Planck time Proper time Theory of relativity Time dilation Gravitational time dilation Time domain T-symmetry

Horology	Clock Astrarium Atomic clock Complication History of timekeeping devices Hourglass Marine chronometer Marine sandglass Radio clock Watch Water clock Sundial Dialing scales Equation of time History of sundials Sundial markup schema

Calendar	Astronomical Dominical letter Epact Equinox Gregorian Hebrew Hindu Intercalation Islamic Julian Leap year Lunar Lunisolar Solar Solstice Tropical year Weekday determination Weekday names

Archaeology and geology	Dating methodologies Geologic time scale International Commission on Stratigraphy

Astronomical chronology	Galactic year Nuclear timescale Precession Sidereal time

Units of time	Century Day Decade Fortnight Hour Jiffy Lustrum Millennium Minute Moment Month Paksha Saeculum Second Shake Tide Week Year

Related topics	Chronology Duration Mental chronometry Metric time System time Time value of money Timekeeper

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