OLD PAL is a term used to describe a close friend or companion. It is often used to refer to someone who has been a friend for a long time. The two crossword solutions for this term are CRONY and CHUM. CRONY is a 5-letter word that refers to a close friend or companion, usually one who has known the person for a long time. CHUM is a 4-letter word that also refers to a close friend or companion, but it is more commonly used to refer to a friend who is of the same age or social status.