Midterm or final (4)
I believe the answer is:
test
This clue is a double definition.
'midterm' is the first definition.
(I've seen this in another clue)
'final' is the second definition.
(thesaurus)
(Other definitions for test that I've seen before include "Trial - big match" , "criterion" , "Dip one's toe in" , "Try, examine critically" , "type of examination" .)