term:

Tenure

tenure n

[Anglo-French, feudal holding, from Old French teneüre, from Medieval Latin tenitura, ultimately from Latin tenēre to hold]
1 : the act, manner, duration, or right of holding something [ of office]
;specif
: the manner of holding real property
: the title and conditions by which property is held [freehold ]
2 : a status granted to a teacher usually after a probationary period that protects him or her from dismissal except for reasons of incompetence, gross misconduct, or financial necessity
te·nur·ial [te-nyr-ē-əl]
adj

te·nur·ial·ly [-ə-lē]
adv

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.