term limit

/T ER1 M L IH0 M AH0 T/
noun
  1. 1

    The maximum number of terms that a person may legally serve in a particular elected office.

verb
  1. 1

    To remove (someone) from an elected position by limiting the number of terms they can serve.

Source: https://en.wiktionary.org/wiki/term%20limit, https://en.wiktionary.org/wiki/term-limit