plazo
/ˈplaθo/ · B1 · noun · m
time period
⏳📅 From Latin placitum, what was agreed: a plazo is the agreed time
Latin placitum meant something agreed or decided, from placere, to please, the same root as English please and plea. A plazo is a time both sides agreed on: a deadline, a term, or one of the payments in a deal paid a plazos, in installments.