The most common and most likely answer to this crossword clue is the 8 letter word ALLEYCAT
I've seen this crossword clue in Financial Times
A
L
L
E
Y
C
A
T
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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 ALLEYCAT mean?
ALLEYCAT noun- An urban feral cat.
- A slut, a sexually promiscuous woman or prostitute.
- An informal bicycle race with checkpoints.