Final answer:
A clause is a specific part of a contract that describes a rule or a consequence.
Step-by-step explanation:
The term that means "a specific part of the contract that describes a rule or a consequence" is clause. A clause is a provision or section within a contract that outlines the rights, obligations, or conditions of the agreement. It serves as a legally binding part of the contract and helps to ensure that both parties understand and abide by the terms.