IPA: /ˈmɪdˌtɜːrm/
KK: /ˈmɪdˌtɜrm/
An exam that takes place in the middle of an academic term or a political term.
I have a midterm exam next week in my math class.
Midterm → It is formed from "mid-" (meaning middle) and "term" (from Latin "terminus", meaning boundary or limit). The word "midterm" refers to the middle point of a term or period, often used in academic contexts to denote exams or evaluations that occur halfway through a course.
Think of the 'middle' ('mid-') of a 'term' — that's why midterm refers to the exams or evaluations that happen in the middle of an academic term.