Cryptic crossword clue
Jasper, perhaps a jester 10

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

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

The straight part
We know that "Jasper/perhaps a jester" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case jasper/perhaps a jester = touchstone.
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 TOUCHSTONE mean?

TOUCHSTONE noun
  1. A stone used to check the quality of gold alloys by rubbing them to leave a visible trace.
  2. (by extension) A standard of comparison or evaluation.

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