records retention term, aka records retention period
Records Management
the designated lifetime of a record or record series prescribed by law or by a public records commission in a records disposition authorization. Records retention terms may be: short-term, i.e. less than ten (10) years; mid-term, i.e. ten-to-fifty (10-50) years; long-term, i.e. twenty-to-one-hundred (20-100) years; and permanent, i.e. indefinitely into the future.