Term Associations are to attach to your Result Types, they define the time of year/frequency with which the data is collected.
Access: The minimum permissions required to access Assessment Components can be found in the Assessment module from within Config > Setup > Roles & Permissions.
See Also: How to Create Grade Sets, How to Create Mark Sets, and How to Create an Assessment Sheet
Go to Modules > Assessment > Assessment Components
From the Assessment Component drop down choose Terms.
Select the New button and add a Name, this can be named after Terms, Months, or Assessment Points. For example if you have half termly data collection points you could create 6 Associations, these can be labelled as you chose. Ensure that the Active tick box is selected.
Click Create to save.