Cryptic crossword clue
Broken bolt on cellar is open for management 12

The most common and most likely answer to this crossword clue is the 12 letter word CONTROLLABLE

I've seen this crossword clue in The Times
C
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Buddy explains!

The straight part
We know that "open for management" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case open for management = controllable.
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 CONTROLLABLE mean?

CONTROLLABLE noun
  1. Any factor that can be controlled.
CONTROLLABLE adjective
  1. Able to be controlled; subject to regulation or command.

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