Terms in SharePoint are organized in groups and term sets. A Term Store group is a container for term sets, which in turn contain various terms. All term sets in a group follow a common security setup. Your organization could have defined multiple groups within the Term Store, with each group typically targeting a different set of owners and contributors.
In this recipe, we will see how to use the Term Store management tool to create a new group in the Term Store.
Getting ready
You will need the Design permission level or higher on your site to be able to browse to the Term Store Management Tool. You can alternately browse to it from the Microsoft 365 admin center if you have SharePoint admin or higher permissions within your tenant.
You should additionally have been granted Term Store administratorrights within the Term Store to be able to create a new group once you browse to it.