The term 'REPORT CARD LETTER' is composed of two words, each with five letters. The first word, 'GRADE, ' refers to the marks or scores that a student receives for their academic performance. The second word, 'LETTER, ' refers to the written form of communication that is sent to the student's parents or guardians to inform them of their child's academic progress. Together, the two words form the phrase 'report card LETTER, ' which is a document that summarizes a student's academic performance and provides feedback on their progress.