Term (time)

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.

Short Term 12

Short Term 12 is a 2013 American drama film written and directed by Destin Daniel Cretton. The film is based on Cretton's short film of the same name, produced in 2009. It stars Brie Larson as Grace, the supervisor of a group home for troubled teenagers.

Cretton was inspired to write Short Term 12 based on his own experience of working in a group facility for teenagers. He first wrote and produced a short film based on the idea and later adapted it into a feature-length screenplay. While Larson and John Gallagher, Jr. won their roles after auditioning through Skype, most of the children featured in the film were cast through open casting calls. Filming took place over 20 days in Los Angeles, California in September 2012.

Short Term 12 premiered on March 10, 2013 at the South by Southwest film festival and was released in theaters on August 23. It grossed over US$1 million and was met with critical acclaim. Reviewers praised the film's realism and intimacy, drawing particular attention to Larson's performance and Cretton's direction. The film won numerous accolades, including South by Southwest's Grand Jury and Audience Awards for a Narrative Feature, as well as three Independent Spirit Award nominations.