The term 'READY TO FIRE' is composed of three words, each with five or six letters. The first word is 'ARMED', which means to be equipped with weapons or other tools. The second word is 'COCKED', which means to prepare a gun for firing by pulling back the hammer. The third word is 'LOADED', which means to fill a gun with ammunition. Together, these three words describe a weapon that is prepared and ready to fire.