Cryptic crossword clue
Let out advance payment to shrink 11

The most common and most likely answer to this crossword clue is the 11 letter word SUBCONTRACT

I've seen this crossword clue in The Times
S
U
B
C
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A
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T

Buddy explains!

The straight part
We know that "Let out" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case let out = subcontract.
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 SUBCONTRACT mean?

SUBCONTRACT noun
  1. A portion of a contracted project that is contracted out in turn.
SUBCONTRACT verb
  1. To contract out portions of a larger contracted project.

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