The term 'steed speed' is a phrase used to describe the speed of a horse. The two crossword solutions for this term are 'TROT' and 'GAIT'. A TROT is a two-beat GAIT in which the horse moves its legs in diagonal pairs, with the left hind leg and right front leg moving together, followed by the right hind leg and left front leg. A GAIT is a type of movement or speed of a horse, such as a walk, TROT, canter, or gallop.