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Term time, I note (7,4)

Ross

I believe the answer is:

quarter tone

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'note' is the definition.
Both the definition and answer are singular nouns.
Perhaps they are linked in a way I don't understand?

'term time i' is the wordplay.
'term' becomes 'quarter' (quarter is a kind of term).
'time' becomes 't' (abbreviation).
'i' becomes 'one' (Roman numeral for one).
'quarter'+'t'+'one'='QUARTER-TONE'

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I've seen this clue in The Times.
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