Meaning of TERMS in English

TERMS

The components, elements, or parts of an agreement. The "terms" of a futures contract include: which commodity, its quality, the quantity, the time and place of delivery, and its price. All the terms of futures and futures option contracts are standardized by the exchange, except for price, which is determined through "open-outcry" in the exchanges' trading pits.

A guide to futures and options market technology English dictionary.      Английский словарь-руководство по фьючерсам и опционам рыночных технологий .