The term 'WOOD-TURNING TOOL' can be summarized as a LATHE, which is a five-letter word. A LATHE is a machine tool used to shape wood, metal, or other materials by rotating them against a cutting tool. It is used to create cylindrical shapes and can also be used to make tapered or curved shapes. Lathes are used in a variety of industries, including furniture making, automotive manufacturing, and metalworking.