- published: 03 Jul 2013
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A term is a period of duration, time or occurrence, in relation to an event. To differentiate an interval or duration, common phrases are used to distinguish the observance of length are near-term or short-term, medium-term or mid-term and long-term.
It is also used as part of a calendar year, especially one of the three parts of an academic term and working year in the United Kingdom: Michaelmas term, Hilary term / Lent term or Trinity term / Easter term, the equivalent to the American semester. In America there is a midterm election held in the middle of the four-year presidential term, there are also academic midterm exams.
In economics, it is the period required for economic agents to reallocate resources, and generally reestablish equilibrium. The actual length of this period, usually numbered in years or decades, varies widely depending on circumstantial context. During the long term, all factors are variable.
In finance or financial operations of borrowing and investing, what is considered long-term is usually above 3 years, with medium-term usually between 1 and 3 years and short-term usually under 1 year. It is also used in some countries to indicate a fixed term investment such as a term deposit.
The Cure are an English rock band formed in Crawley, West Sussex, in 1976. The band has experienced several line-up changes, with vocalist, guitarist and principal songwriter Robert Smith being the only constant member. The Cure first began releasing music in the late 1970's with their debut album Three Imaginary Boys; this, along with several early singles, placed the band as part of the post-punk and new wave movements that had sprung up in the wake of the punk rock revolution in the United Kingdom. During the early 1980's, the band's increasingly dark and tormented music was a staple of the emerging gothic rock genre.
After the release of 1982's Pornography, the band's future was uncertain and Smith was keen to move past the gloomy reputation his band had acquired. With the single "Let's Go to Bed" released the same year, Smith began to place a pop sensibility into the band's music and their popularity increased as the decade wore on, with songs like "Just Like Heaven", "Lovesong" and "Friday I'm in Love". The band is estimated to have sold 27 million albums as of 2004 and have released thirteen studio albums, ten EPs and over thirty singles during their career.