Might mean (unverified): Fixed duration without early termination.
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We found one dictionary that defines the word term of years absolute:

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  1. term of years absolute: Wiktionary

Definitions from Wiktionary (term of years absolute)

noun:  (law, England and Wales, formal, misleading) An estate in land held for a term of years of either a specified length or on a periodic basis, and which is not a term of years determinable (though may be determinable for other reasons); a leasehold estate in land.
noun:  (law, England and Wales, idiomatic) The lease under which that estate in land is held.

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