In Sum Of Products (SOP), each term of the SOP expression is called a "minterm" because,
say, an SOP expression is given as:
F(X,Y,Z) = X'.Y'.Z + X.Y'.Z' + X.Y'.Z + X.Y.Z
for this SOP expression to be "1" or true (being a positive logic),
ANY of the term of the expression should be 1.
thus the word "minterm".
i.e, any of the term (X'Y'Z) , (XY'Z') , (XY'Z) or (XYZ) being 1, results in F(X,Y,Z) to be 1!!
Thus they are called "minterms".
On the other hand,
In Product Of Sum (POS), each term of the POS expression is called a "maxterm" because,
say an POS expression is given as: F(X,Y,Z) = (X+Y+Z).(X+Y'+Z).(X+Y'+Z').(X'+Y'+Z)
for this POS expression to be "0" (because POS is considered as a negative logic and we consider 0 terms), ALL of the terms of the expression should be 0. thus the word "max term"!!
i.e for F(X,Y,Z) to be 0,
each of the terms (X+Y+Z), (X+Y'+Z), (X+Y'+Z') and (X'+Y'+Z) should be equal to "0", otherwise F won't be zero!!
Thus each of the terms in POS expression is called a MAXTERM (maximum all the terms!) because all terms should be zero for F to
be zero, whereas any of the terms in POS being one results in F to be
one. Thus it is known as MINTERM (minimum one term!)