The term NEUTERS (A HORSE) can be solved by the 5-letter word GELDS. GELDS is a term used in horse racing to refer to the money that is paid out to the owners of horses that finish in the top three positions in a race. This money is usually divided among the owners of the horses that placed first, second, and third. Neuters is another term for geldings, which are male horses that have been castrated. Geldings are often preferred in horse racing because they are less likely to become aggressive or unpredictable during a race.