The letters HCPRAATEU can spell the 9-letter word "parachute".
They can also spell smaller words including:
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parachute
parachute
parachute That looks like it is from the online Mensa test..
There is no five letter word that is spelled with the letters 'hougy'.Words that can be made with those letters are:goguyhohoghugohughyoyou
The isn't one word that can be made with the letters 'insnaid'. Words that can be made from those letters are:aadaidanandasdinIidininnissadsaidsandsin