interim

Interim is a term used as both a noun and an adjective to describe something occurring in or for the intervening time between events, or something temporary and provisional. As an adjective it means provisional, temporary, or intended to last only until a permanent arrangement is in place. The word derives from the Latin interim, meaning "in the meantime."

In practice, interim denotes the period between two events or states. It is used to describe transitional arrangements, such as a leader acting in place of a permanent head, or a project phase that will be followed by a definitive solution or design.

In business and organizations, interim management refers to temporary leadership appointed to fill a vacancy, manage a transition, or lead a change initiative. Interim executives are typically highly experienced professionals contracted for a defined period to stabilize operations, implement strategy, or set up processes until a permanent appointment is made.

In government and law, an interim government or administration operates between rival authorities or during a contingency such as a resignation, coup, or dissolution, until elections or a formal transfer of power can occur. The term can also appear in legal contexts as interim relief or interim orders that apply until a final ruling is issued.

In finance and accounting, interim statements cover a portion of the fiscal year and provide updated information before the annual reports. Interim reporting standards vary by jurisdiction but generally require condensed financial statements and sufficient notes to inform stakeholders.

Related terms include provisional, temporary, transitional, and stopgap. The concept emphasizes temporariness and serves as a bridge to a more permanent solution.