vegetative bud on the side of a stem (contrast with terminal bud).
Merriam-Webster Online Dictionarylateral bud (noun)
a bud that develops in the axil between a petiole and a stem
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lateral bud (Wikipedia)
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The axillary bud (or lateral bud) is an embryonic or organogenic shoot located in the axil of a leaf. Each bud has the potential to form shoots, and may be specialized in producing either vegetative shoots (stems and branches) or reproductive shoots (flowers). Once formed, a bud may remain dormant for some time, or it may form a shoot immediately.