Is “Terms” a Scrabble word?

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Yes
TERMS
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Valid

Meaning of Terms

/tɜːmz/

noun
  1. 1.That which limits the extent of anything; limit, extremity, bound, boundary.

    "Alright, look...we can spend the holidays with your parents, but this time it will be on my terms."

  2. 2.A chronological limitation or restriction.

    The term of a lease agreement is the period of time during which the lease is effective, and may be fixed, periodic, or of indefinite duration.

  3. 3.Any of the binding conditions or promises in a legal contract.

    Be sure to read the terms and conditions before signing.

verb
  1. 1.To phrase a certain way; to name or call.

noun
  1. 1.A computer program that emulates a physical terminal.

noun
  1. 1.One whose employment has been terminated

Synonyms: axe, fire, sack