at meeting terms

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Hi,

Mayor Michael R. Bloomberg proposed the competition last year to replicate the experience of Stanford or M.I.T. — a top-notch engineering and computer science school whose graduates could seed the region with new high-tech businesses — and with M.I.T. opting not to participate, Stanford was at first seen as the one to beat.

But being a continent away in Palo Alto, Calif., took its toll on Stanford, according to people briefed on the process, who insisted on anonymity to discuss matters they were not authorized to make public. The university, with no experience building in New York, recoiled at meeting terms laid down by the city after its proposal was submitted, while Cornell, with extensive experience in the city — its medical school is in Manhattan — expected such negotiations.

(Stanford Ends Effort to Build New York Arm. the NY Times)

What does "at meeting terms" in the above? What is the meaning of "meeting" here?

[5jj]

meeting suggests here complying with, accepting and sticking to.