The term 'SECOND OR THIRD PERSON' refers to the point of view used in a narrative. It is a way of describing how a story is told, and it can be either SECOND PERSON or THIRD PERSON. SECOND PERSON point of view uses the pronoun 'YOU' to refer to the protagonist, while THIRD PERSON point of view uses pronouns such as 'HE', 'SHE', and 'they'. The crossword solution for this term is 'LOSER', which could be interpreted as a PERSON who has lost something, or someone who is not successful.