The term 'permanent status' can be summarized as having a job with long-term security. This is often referred to as 'TENURE', which is a 6 letter word. TENURE is a type of job security that is granted to an employee after they have worked in the same position for a certain period of time. It is usually granted to teachers, professors, and other professionals who work in higher education institutions. TENURE provides job security and protection from arbitrary dismissal.