term out
The phrase "term out" can refer to both financial mechanisms and the completion of an official term in office.
Definition
C1Finance
(technical)To convert short-term debt into long-term debt within a company's balance sheet.
Example
- The company decided to term out its short-term liabilities to improve its financial stability.
B2Politics
(idiomatic)To reach the end of an elected official's term in office.
Example
- The mayor will term out next year after serving two consecutive terms.
Similar
Terms that have similar or relatively close meanings to "term out":
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