Cryptic crossword clue
A metal ring damaged part of harness 10

The most common and most likely answer to this crossword clue is the 10 letter word MARTINGALE

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "part of harness" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case part of harness = martingale.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does MARTINGALE mean?

MARTINGALE noun
  1. A piece of harness used on a horse to keep it from raising its head above a desired point.
  2. A spar, or piece of rigging that strengthens the bowsprit.
  3. A stochastic process for which the conditional expectation of future values given the sequence of all prior values is equal to the current value.
  4. A gambling strategy in which one doubles the stake after each loss.
  5. A strap attached to the sword handle, preventing a sword being dropped if disarmed.
MARTINGALE verb
  1. To employ the martingale strategy in gambling.

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