To bring something to an end, such as a job, contract, or service.
“The company reserves the right to terminate the contract with 30 days' notice.”
“Your internet service will be terminated if the outstanding balance is not paid.”
In Reading Part 1, formal letters may use 'terminate' when an employer ends a contract or a service is cancelled. It is more formal than 'end' or 'stop', so expect it in official notices rather than casual replies.
Synonyms: end, cancel, discontinue