terms

Conditions and arrangements specified in a Contract. A sales contract will generally include terms relating to the price, financing available to the buyer, contingencies based on the condition of the property, how to prorate closing costs, and items of personal property included in the sale.

Conditions and arrangements specified in a Contract.
Example: A Sales Contract will generally include terms relating to the price, Financing available to the buyer, contingencies based on the condition of the property, How to Prorate Closing Costs and items of personal property included in the sale. See also As Is, Cancellation Clause, Contingency Clause.

IN BRIEF: The conditions that set the nature and scope of an agreement.

If you haven't the strength to impose your own terms upon life, you must accept the terms it offers you. — T.S. Eliot (1888-1965)

kinds terms