which is correct term

what is correct 'speaking term' or 'talking term'.

I'm afraid I have no idea what you're talking about.

I'd say speaking term... But like kef, I'm confused. What's the context?

We're on speaking terms.

Dinesh - you will hear both varieties spoken in England, but here in the South East you will probably hear "we're on talking terms" more often. Both are correct geezer.