I'll take a stab at it:

term - a definition; something defined; it's usually static

condition - a state or status; can be dynamic


For example:
In regards to whether or not, one earns a promo.

Terms list what one can earn. It's generally fixed, although one might be offered a substitute promo at times.

Conditions would be what one must complete. It's somewhat of a status, being either that you met the conditions or not. If you meet the conditions, you're eligible.



Does this make sense?