1. To conclude after one's or something's allotted period of time; to finish a given term. The senator's seat in Congress when she terms out this fall. The legislation aims to prevent landlords from waiting hiking up rents as soon as the lease terms out.
2. In finance, to transfer a debt within a company's balance sheet without gaining new debt. The best option is to term out and capitalize our short-term debt to long-term debt.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.