The most common and most likely answer to this crossword clue is the 5 letter word OXBOW
I've seen this crossword clue in Financial Times
O
X
B
O
W
More clues leading to the result OXBOW
- Steer then give way finding large bend
- Steer front of boat in lake
- Nothing that's wrong with London area's kind of lake
- Type of lake beast going over front of ship
- Steer front of boat into kind of lake
- Stock producer holding black and white cattleās collar
- Duck vote, banning only waders initially from bend in river
- Unpleasant smell trailing bull over wide river-bend
- Old boy grabs kiss with old wife in lake
- Farm animal to lower head in river bend
Buddy explains!

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 OXBOW mean?
OXBOW noun- A U-shaped piece of wood used as a collar for an ox, the upper parts fastened to its yoke
- A meander in a river; the land enclosed by such a loop