The term 'NAUTICAL RECORD' is composed of two words, the first being 'NAUTICAL, ' which refers to anything related to ships, sailing, or navigation, and the second being 'RECORD, ' which refers to a written or printed account of events. The crossword solution for this term is 'LOG, ' which is a RECORD of the course and distance sailed by a ship, as well as other details such as the weather and any incidents that occurred during the voyage.