tramway termsn. the terms on which a municipality is legally able to acquire an existing tramway belonging to a private firm or company: see quot. 1902.
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1902 A. Chamberlain in Daily Chron. 12 Dec. 8/7 Right to purchase..plant..useful for Post Office purposes on what are commonly known as ‘tramway terms’—that is, at its fair market value as plant in use.