The term COVERED WITH ASPHALT can be summarized as 'PAVED', which is a five-letter word. Paving is the process of covering a surface with asphalt, a type of material made from a mixture of bitumen, sand, and gravel. Asphalt is commonly used to pave roads, driveways, and parking lots. It is also used in other applications such as roofing, flooring, and waterproofing. Paving is a popular choice for many surfaces due to its durability and cost-effectiveness.