Term (time)

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 United States 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 as opposed to the short run during which at least one factor must be fixed.

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, although it may also include provision for it to be extended. A contractor required to deliver against a term contract is often referred to as a "term contractor".

## Other terms

* 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

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Time measurement and standards

* Chronometry
* Orders of magnitude
* Metrology

International standards|

* Coordinated Universal Time
* offset
* UT
* ΔT
* DUT1
* International Earth Rotation and Reference Systems Service
* ISO 31-1
* ISO 8601
* International Atomic Time
* 6-hour clock (Italian · Thai)
* 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
* Solar time
* Terrestrial Time
* Time zone
* 180th meridian

Obsolete standards|

* Ephemeris time
* Greenwich Mean Time
* Prime meridian

Time in physics|

* Absolute space and time
* Spacetime
* Chronon
* Continuous signal
* Coordinate time
* Cosmological decade
* Discrete time and continuous time
* Planck time
* Proper time
* Theory of relativity
* Time dilation
* Gravitational time dilation
* Time domain
* Time translation symmetry
* T-symmetry

Horology|

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

Calendar|

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

Archaeology and geology|

* Chronological dating
* Geologic time scale
* International Commission on Stratigraphy

Astronomical chronology|

* Galactic year
* Nuclear timescale
* Precession
* Sidereal time

Other units of time|

* Flick
* Shake
* Jiffy
* Second
* Minute
* Moment
* Hour
* Day
* Week
* Fortnight
* Month
* Year
* Olympiad
* Lustrum
* Decade
* Century
* Saeculum
* Millennium

Related topics|

* Chronology
* Duration
* music
* Mental chronometry
* Decimal time
* Metric time
* System time
* Time value of money
* Timekeeper

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