The term 'EQUALLY MATCHED' can be described as two opponents or sides that are evenly MATCHED in terms of strength, skill, or ability. This term can be broken down into two words: 'EVEN' and 'MATCHED'. The word 'EVEN' is an adjective meaning the same in amount, level, or degree on both sides. The word 'MATCHED' is a verb meaning to be equal to or comparable in quality or quantity. Together, these two words form the phrase 'EQUALLY MATCHED', which describes two opponents or sides that are evenly MATCHED.