The term 'Olympic Quest' can be summarized by the crossword solution of 'MEDAL, ' which is a five-letter word. Medals are awarded to athletes who have achieved excellence in their respective sports at the Olympic Games. Medals are typically made of gold, silver, or bronze and are awarded to the first, second, and third place finishers in each event. The awarding of medals is a long-standing tradition that dates back to the ancient Olympic Games.