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. In America
there is a midterm election held in the
middle of the four-year
presidential term, there are also academic midterm exams.
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