Cryptic crossword clue
Exploited cheerleader lacking rear action 7

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

I've seen this crossword clue in Financial Times
L
E
E
C
H
E
D

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 LEECHED mean?

LEECHED verb
  1. To apply a leech medicinally, so that it sucks blood from the patient.
  2. To drain (resources) without giving back.
LEECHED verb
  1. To treat, cure or heal.

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