The most common and most likely answer to this crossword clue is the 10 letter word PRESIDENCY
P
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More clues leading to the result PRESIDENCY
- High office with power and official accommodation
- In republic, head office deny prices are rigged
- Trump’s final official abode and term of office
- It’s contested quadrennially, bringing power and official place to live
- Trump’s last official address in high office
- Pressure leading to post in hospital in top office
- Parliamentary summit beside home and office of a nation's leader
Buddy explains!

The straight part
We know that "term of office" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case term of office = presidency.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does PRESIDENCY mean?
PRESIDENCY noun- The office or role of president.
- The bureaucratic organization and governmental initiatives devolving directly from the president.
- The time during which one is president; a president's term of office.