The term 'Word with 'UP' or 'DOWN'' can be solved by three different words: SHUT, SAT, and PUT. SHUT is a four-letter word meaning to close something, usually a door or window. SAT is a three-letter verb meaning to take a test or to be seated. Finally, PUT is also a three-letter verb meaning to place something in a certain location. All three words can be used with the prepositions 'UP' or 'DOWN' to create phrases such as 'SHUT UP' or 'PUT DOWN'.