The term 'ANCIENT CHARM' can be broken down into two words, 'ANCIENT' and 'CHARM'. The first word, 'ANCIENT', refers to something that is very old or from a long time ago. The second word, 'CHARM', refers to an object or item that has magical powers or is believed to bring good luck. One crossword solution for this term is 'SCARAB', which is a type of beetle that was popular in ANCIENT Egypt. Scarabs were often used as amulets and charms, and were believed to bring good luck and protection to the wearer.