Cryptic crossword clue
Fallback option being given close consideration 10

The most common and most likely answer to this crossword clue is the 10 letter word UNDERSTUDY

I've seen this crossword clue in Financial Times
U
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Buddy explains!

The straight part
We know that "Fallback option" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fallback option = understudy.
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 UNDERSTUDY mean?

UNDERSTUDY noun
  1. A performer who understudies; a standby.
UNDERSTUDY verb
  1. To study or know a role to such an extent as to be able to replace the normal performer when required.
  2. To act as an understudy (to someone).
  3. To act in a similar manner to some known person.

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