Term is the validity period defined for a given payment preference. When defining the term of the preference, you choose a date for it to take effect and the expiration date defining a maximum payment limit.

1. Send a POST with the parameters expires, expiration_date_from and expiration_date_to to the endpoint /checkout/preferences.
2. In expires, enter true.
3. In expiration_date_from, enter the effective start date and time. The value must follow the ISO 8601 format: yyyy-MM-dd'T'HH:mm:sszas.
4. In expiration_date_to, enter the expiration date and time. The value must follow the ISO 8601 format: yyyy-MM-dd'T'HH:mm:sszas
5. Execute the request and make sure that the data and time matches the example shown below.

json
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"expires": true,
"expiration_date_from": "2017-02-01T12:00:00.000-04:00",
"expiration_date_to": "2017-02-28T12:00:00.000-04:00"