terms
plural noun

the conditions or duties which have to be carried out as part of a contract, or the arrangements which have to be agreed before a contract is valid

Examples
  • to negotiate for better terms

  • She refused to agree to some of the terms of the contract.

  • By or under the terms of the contract, the company is responsible for all damage to the property.

"...companies have been improving communications, often as part of deals to cut down demarcation and to give everybody the same terms of employment" [Economist]

"...the Federal Reserve Board has eased interest rates in the past year, but they are still at historically high levels in real terms" [Sunday Times]

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