For Macs Apple used the term "update" for minor releases (e.g., macOS 11.7.2 to macOS 11.7.3) and "upgrade" for major releases macOS 11 Big Sur to macOS 12 Monterey.
You can "upgrade" to Monterey by using the instructions in How to download and install macOS - Apple Support
Be sure to backup first ( a good idea even when not upgrading).
Note however that I don't think Monterey will be enough for you to get Microsoft Office -- I think they are only supporting the 3 most current macOS versions (Ventura, Sonoma, and the current macOS 15.x Sequoia).
If you can't get Microsoft Office or can't purchase a newer Mac, some other options for Office are:
The free and very good Libre Office https://www.libreoffice.org/
or the free Microsoft Office on the web: https://products.office.com/en-us/free-office-online-for-the-web
or Google Docs: https://www.google.com/docs/about/
or Apple’s Pages and Numbers