Termolecular refers to a type of elementary reaction step that involves the simultaneous collision of three reactant molecules. While most reactions occur through bimolecular (two molecules) or unimolecular (one molecule) steps, termolecular steps are less common due to the low probability of three molecules colliding with the correct orientation and energy at the same time. Understanding termolecular processes is essential in analyzing reaction mechanisms and identifying the rate-determining steps in chemical reactions.