To hide term wise or evaluation wise report card for parents, follow the given path:
For Evaluation wise report card:
Grade Book-->Settings-->Evaluation Report Card Publish Settings-->select class,Term,Evaluation-->click on get-->select No for is parent can view report option-->click on save.
For Term wise report card:
Grade Book-->Settings-->Term Report Card Publish Settings-->select class,Term-->click on get-->select No for is parent can view report option-->click on save.
NOTE:
For Cambridge or IB Grade Book modules the path is :
Cambridge/IB Grade Book-->Settings-->Term/Evaluation Report Card Publish Settings-->select class,Term-->click on get-->select No for is parent can view report option-->click on save.