A timed event is an event that has a set time limit or deadline. The term 'timed event' can refer to a variety of activities, such as a RACE, a game, or a competition. In this case, the crossword solution for the term 'timed event' is 'RACE'. A RACE is a competitive event in which participants compete against each other to complete a course in the shortest amount of time. Races can be held on foot, on bicycles, or in vehicles.