"term" is 37 weeks. Some doctors will specify a difference between "term" and "full term", with "full term" being 40 weeks.
36 weeks is "pre-term", but a baby coming on its own at 36 weeks may be just fine and fully cooked. It can go either way. If the baby is not fully cooked, then it's "premature". If it's fully cooked but just born before 37 weeks, it's technically "pre-term", although if you say that baby is a preemie, the moms of premature babies might get offended.
Technically, I've had a true premature baby (29 weeks - obviously needed NICU help) and a "pre-term" baby that was not premature (36w6d). I consider that second baby to be "full term" though, because he was fully cooked and really only 1 day off term anyway. He had some preemie tendencies, but never had to even enter the hospital, and he was 7 lbs 4 oz, so average newborn size. Just had tons of vernix, got jaundiced, had nursing issues in the beginning, and slept a bit more than a 40 week baby (wasn't lethargic - the jaundice wasn't causing the extra sleep... he "woke up" around his due date just like my preemie did).
The 36 weeker of the PP that spent 5 days in the NICU, I'd call a premature baby, but he's also pre-term, since he was born before 37 weeks. It's the premature part that's most important to know, as that can affect long term health. It's also important to look at how early a baby was when looking at developmental milestones, and do an "adjusted age" (adjust the age to how old they would be if they had been born on their due date). Big difference between a 4 month old that went to 40 weeks and a 4 month old that was born 2.5 months early. Later on, you don't notice the difference so much. My 29 weeker technically caught up with milestones by 6 months, but you could still tell a difference between him and other 6 month olds. Now at almost 5, there is absolutely no difference between him and a child who was born at 40 weeks. You don't really need to do adjusted age on a 36 weeker, as 4 weeks won't likely make a difference in the developmental milestones (since there's such a wide range of "normal"), although if your baby wasn't doing what a 2 month old should do at 2 months, then it'd be ok to give baby a few weeks before going into a panic. Beyond that, there would likely be no difference though.