1. contraction of ‘there is’
Usage: informal
2. contraction of ‘there has’
Usage: informal

Examples

• Theres a new restaurant downtown.
• Theres been a lot of rain this week.
• I think theres something wrong with the car.
• Theres no way we can finish on time.
• Theres been a change in the schedule.
• Look, theres your friend across the street.