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Business English vocabulary · Negotiations

Terms

Meaning in business english, with examples

/tɜːrmz/nounCommon term

In business english, terms means: The conditions of an agreement or contract that both sides accept, such as the price, payment dates, delivery and responsibilities.

In Turkish: şartlar, koşullar, sözleşme şartları

How it is used

Always plural in this meaning. You agree on, negotiate, accept or break the terms. Common types: payment terms (for example 30 days), terms and conditions, terms of the contract.

Example sentences

  1. Our standard payment terms are 30 days from the invoice date.

  2. Both sides have agreed on the terms, so the contract can be signed next week.

Common collocations

  • payment terms
  • terms and conditions
  • agree on the terms
  • on favourable terms
  • terms of the contract
  • negotiateTo discuss something formally with another side in order to reach an agreement both can accept, for example on price or contract terms.
  • dealAn agreement between two or more sides, especially a business arrangement to buy, sell or work together on agreed terms.
  • concessionSomething that one side agrees to give up or allow during a negotiation in order to reach an agreement.
  • on the tableOffered or available for discussion in a negotiation or meeting; something that is 'off the table' is no longer being considered.

More terms: Negotiations

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