The most common and most likely answer to this crossword clue is the 7 plus 8 letter word PRIVATE PROPERTY
P
R
I
V
A
T
E
P
R
O
P
E
R
T
Y
Buddy explains!
The straight part
We know that "Forbidding words on a sign" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case forbidding words on a sign = private property.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.