Yes, term is in the scrabble dictionary

...and is worth 7 points by itself.

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Term Definition

noun

A deadline, as for making a payment.
from The American Heritage Dictionary of the English Language, 4th Edition
A limited period of time.
from The American Heritage Dictionary of the English Language, 4th Edition
A period of time that is assigned to a person to serve: a six-year term as senator. See Synonyms at period.
from The American Heritage Dictionary of the English Language, 4th Edition
A period when a school or court is in session.
from The American Heritage Dictionary of the English Language, 4th Edition
A point in time at which something ends; termination: an apprenticeship nearing its term.
from The American Heritage Dictionary of the English Language, 4th Edition

idiom

In terms of As measured or indicated by; in units of: distances expressed in terms of kilometers as well as miles; cheap entertainment, but costly in terms of time wasted.
from The American Heritage Dictionary of the English Language, 4th Edition
In terms of In relation to; with reference to: "facilities planned and programmed in terms of their interrelationships, instead of evolving haphazardly” ( Wharton Magazine).
from The American Heritage Dictionary of the English Language, 4th Edition

verb-transitive

To designate; call.
from The American Heritage Dictionary of the English Language, 4th Edition

verb

To apply a term to .
from Free Scrabble Dictionary

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Top Words by points

Points

term

6

2 letter words with TERM

Points

em

4

er

2

et

2

me

4

re

2

te

2

3 letter words with TERM

Points

met

5

rem

5

ret

3

4 letter words with TERM

Points

term

6

trem

6

Found 11 words in 0.12128 seconds