The term 'SLIPKNOT LOOP' is a combination of two words. The first word, 'SLIPKNOT, ' is a type of knot that can be easily untied. It is commonly used in sailing and climbing. The second word, 'LOOP, ' refers to a circular shape or path. Together, the term 'SLIPKNOT LOOP' refers to a LOOP of rope that can be easily untied. The crossword solution for this term is 'NOOSE, ' which is a type of knot that is tied in a LOOP and tightened around an object.