The most common and most likely answer to this crossword clue is the 7 letter word CHAPLET
I've seen this crossword clue in The Times
C
H
A
P
L
E
T
More clues leading to the result CHAPLET
- Ring for the head, boy needing permit
- Man allowed string of beads
- It’s what laureate receives, bloke granted
- Wreath quietly placed in holiday home
- In-house pansies, primarily as flower arrangement
- Wreath in Alpine house including primrose at the front
- Priest in hut finding prayer beads
- Floral wreath Penny laid in Swiss Cottage
- Leaves poor service after quietly producing wreath
- Silent movie star’s sacrificed in film — wreath produced
Buddy explains!
The straight part
We know that "It’s what laureate receives" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it’s what laureate receives = chaplet.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.