Cryptic crossword clue
Exalt if dinghy is wrecked having lost front of hull 7

The most common and most likely answer to this crossword clue is the 7 letter word DIGNIFY

I've seen this crossword clue in Independent
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The straight part
We know that "Exalt" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case exalt = dignify.
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 DIGNIFY mean?

DIGNIFY verb
  1. To invest with dignity or honour.
  2. To give distinction to.
  3. To exalt in rank.
  4. (chiefly in the negative) To treat as worthy or acceptable; to indulge or condone by acknowledging.

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