What are terminal points and boundary lines commonly referred to?

The correct answer is "metes and bounds." This term refers to a system used in land description that defines the boundaries and exact location of a parcel of land using physical features of the geography as reference points. It incorporates measurable distances (metes) as well as identifiable landmarks and boundaries (bounds) to create a precise framework for what is included in the property.

Metes and bounds descriptions are often used in legal documents and surveys to delineate property ownership. This method can be particularly useful in areas where lots are irregular in shape, as it allows for a detailed and accurate way to describe the dimensions and confines of a property.

Other terms, such as property lines, financial or legal implications, or descriptions of land that do not capture the granular detail of boundaries specific to land may not convey the specificity or historical usage captured by metes and bounds. Similarly, geographical markers and survey boundaries might refer to general references or demarcations in a broader context but do not emphasize the legal and spatial origins of property definitions as strongly as the metes and bounds system does.