Problem:
After updating terms in term store, the value is not reflected in the list
view. But in edit form it shows the updated term value.
Solution: Having
done some investigation, figured out that the, TaxonomyHiddenList for the site
collection has not been updated by the “Taxonomy Update Scheduler” timer job.
In order to sync the list manually, ran the following PS
command.
$site = Get-SPSite "site collection url"
[Microsoft.SharePoint.Taxonomy.TaxonomySession]::SyncHiddenList($site)