Meaning of the word "be on good terms with" in English

What does "be on good terms with" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

be on good terms with

US /bi ɑn ɡʊd tɜrmz wɪθ/
UK /bi ɒn ɡʊd tɜːmz wɪð/

Idiom

to have a friendly relationship with someone

Example:
Despite their past disagreements, they are now on good terms with each other.
It's important to be on good terms with your neighbors.