Cryptic crossword clue
Lowering of Parisian somewhere below ground

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

I've seen this crossword clue in The Guardian
D
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Buddy explains!

The straight part
We know that "Lowering" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lowering = debasement.
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 DEBASEMENT mean?

DEBASEMENT noun
  1. The act of debasing or the state of being debased; a lowering or degradation, especially in character or quality.
  2. The lowering of the value of a currency by reducing the amount of valuable metal in the coins.

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