Term

1.

Contract law.

A part of a a contract which may be either:

(i) A condition;
(ii) A warranty; or
(iii) An innominate term.

Contract terms may be express terms or implied terms.

2.

The time before maturity.

Also known as the Tenor.

3.

A period within a floating rate loan's total maturity, for which an interest rate is fixed at the start of that period.

See also

• Clause
• Condition
• Express term
• Implied term
• Innominate term
• Provision
• Puff
• Sight
• Term out
• Warranty