Cryptic crossword clue
I buy extravagant clothing to renounce commonness 8

The most common and most likely answer to this crossword clue is the 8 letter word UBIQUITY

I've seen this crossword clue in Financial Times
U
B
I
Q
U
I
T
Y

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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 UBIQUITY mean?

UBIQUITY noun
  1. The state or quality of being, or appearing to be, everywhere at once; actual or perceived omnipresence.
  2. Anything that is ubiquitous within a specified area.

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