term of years absolute

From term of years +‎ absolute.

term of years absolute (plural terms of years absolute)

1. (law, England and Wales, formal, misleading) An estate in land held for a term of years of either a specified length or on a periodic basis, and which is not a term of years determinable (though may be determinable for other reasons); a leasehold estate in land.
2. (law, England and Wales, idiomatic) The lease under which that estate in land is held.

• leasehold

• term of years determinable