falling object achieves its terminal velocity when the downward force of gravity (Fg) equals the upward force of drag (Fd).As the object accelerates (usually downwards due to gravity), the drag force acting on the object increases. At a particular speed, the drag force produced will equal the object's weight (mg). Eventually, it plummets at a constant speed called terminal velocity (also called settling velocity). Terminal velocity varies directly with the ratio of drag to weight. More drag means a lower terminal velocity, while increased weight means a higher terminal velocity. An object moving downward with greater than terminal velocity (for example because it was affected by a downward force or it fell from a thinner part of the atmosphere or it changed shape) will slow until it reaches terminal velocity
To better understand this,terminal velocity is also called instantanous speed / speed at any point of time.
Feel free to correct me about this. Not too sure
