Refers to a fixed or prescribed number of years for a contract, appointment, loan, or other arrangement. Often used in legal, educational, and financial settings.
The term of this contract is five years.
The repayment period for the education loan is up to 15 years.
length of study; course duration
term of service; years of service
Compound of 年 (year) and 限 (limit, bound), literally 'year limit'. The word has been used since at least the Meiji period in legal and administrative contexts.