The most common and most likely answer to this crossword clue is the 9 letter word PRE-OWNED
I've seen this crossword clue in Financial Times
P
R
E
-
O
W
N
E
D
Buddy explains!
The straight part
We know that "second 26" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case second 26 = pre-owned.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 PRE-OWNED mean?
PRE-OWNED adjective- Secondhand