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Discover LudwigThe phrase "current term" is correct and usable in written English.
You can use it to refer to a period of time that a certain event is taking place, such as a school year or political term. For example, "Our school expects parents to make their tuition payments by the end of the current term."
Exact(60)
… Will you complete the current term?
Chávez's current term ends in 2013.
President Mubarak's current term expires next autumn.
Mr. Annan's current term expires Dec. 31.
The current term began in 2013.
negotiations by the end of President Bush's current term.
Mr. Gilman is going to retire after the current term.
Mr Greenspan's current term is set to expire next month.
Mr. Coleman's current term expires on Dec. 16.
His current term expires on 22 January , 2020
Wu's current term as president runs out in 2018.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com