Terma (Tibetan: གཏེར་མ་, Wylie: gter ma; "hidden treasure") are various forms of hidden teachings that are key to Vajrayana or Tibetan Buddhist and Bon religious traditions. The belief is that these teachings were originally esoterically hidden by various adepts such as Padmasambhava and dakini such as Yeshe Tsogyal () during the 8th century, for future discovery at auspicious times by other adepts, who are known as tertöns. As such, terma represent a tradition of continuous revelation in Vajrayana or Tibetan Buddhism. Termas are a part of tantric literature.
Tradition holds that terma may be a physical object such as a text or ritual implement that is buried in the ground (or earth), hidden in a rock or crystal, secreted in a herb, or a tree, hidden in a lake (or water), or hidden in the sky (space). Though a literal understanding of terma is "hidden treasure", and sometimes refers to objects that are hidden away, the teachings associated should be understood as being 'concealed within the mind of the guru', that is, the true place of concealment is in the tertön's nature or essence of mind. If the concealed or encoded teaching or object is a text, it is often written in dakini script, a non-human type of code or writing that only a tertön can decipher.