My current institution has never put any end dates on terms, so the "active" terms go back to 2014. And the default "Default Term" does not pick up the current term's offerings.
And actually, in different environments I see two different sort orders. In "Analytics" it sorts alphabetically, so Fall2014, Fall2015...Fall2019 and then Spring2014,...Summer2019.
But within an account or subaccount it sorts based on start date, I guess.
I just started working here, so I'm not sure of the full rationale for our institution not putting end dates on terms, but obviously that might be a thing to work towards.
Thanks in advance!