The phrase "flexible terms" means that there is room for negotiation and changes in agreements or contracts according to different needs and circumstances. Full definition
HELOC stands for home equity line of credit, a revolving type with flexible terms of payment. (mortgagebrokerstore.com)
Also realize that policies with more flexible term lengths are not available from every insurance carrier, and that can limit your ability to shop around, he says. (bankrate.com)
This insurance can provide flexible terms of coverage to meet your needs, and help provide money to pay for final expenses, and provide additional money for your loved ones. (term-life-online.com)