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Full Idea
In term logic, what a term denotes are the objects having the property it signifies. What a statement denotes is the world, that which has the constitutive property it signifies.
Gist of Idea
Terms denote objects with properties, and statements denote the world with that property
Source
George Engelbretsen (Trees, Terms and Truth [2005], 4)
Book Ref
'The Old New Logic', ed/tr. Oderberg,David S. [MIT 2005], p.43