The term 'Receive and Transmit' can be summarized by the word 'RELAY'. RELAY is a term used to describe the process of receiving information from one source and then transmitting it to another. This process is often used in communication systems, such as radio and television broadcasting, where the signal is received at one location and then sent to another. It is also used in computer networks, where data is received from one device and then sent to another. In addition, relays are used in electrical circuits to control the flow of electricity.