The term 'West Point or Annapolis' refers to two of the most prestigious military academies in the United States. West Point is located in New York and is the oldest military ACADEMY in the country, having been founded in 1802. Annapolis is located in Maryland and is the second oldest military ACADEMY in the United States, having been established in 1845. Both academies provide rigorous academic and military training for their students, preparing them for a career in the armed forces. The answer to the crossword puzzle is 'ACADEMY, ' which is an appropriate term for both West Point and Annapolis.