1. term out - Noun
2. term out - Verb
(idiomatic, transitive, intransitive) (of an elected official, lease, etc) To finish the term.
Used other than figuratively or idiomatically: see term, out.
(idiomatic) The transfer of debt within a company's balance sheet without acquiring new debt often through the capitalization of short-term to long-term debt.
Source: en.wiktionary.org