Cryptic crossword clue
Navy officer’s nicked bag 5

The most common and most likely answer to this crossword clue is the 5 letter word PURSE

I've seen this crossword clue in The Times
P
U
R
S
E


Buddy explains!

The straight part
We know that "bag" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case bag = purse.
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 PURSE mean?

PURSE noun
  1. A small bag for carrying money.
  2. A handbag (small bag usually used by women for carrying various small personal items)
  3. A quantity of money given for a particular purpose.
  4. A specific sum of money in certain countries: formerly 500 piastres in Turkey or 50 tomans in Persia.
PURSE verb
  1. To press (one's lips) in and together so that they protrude.
  2. To draw up or contract into folds or wrinkles; to pucker; to knit.
  3. To put into a purse.
  4. To steal purses; to rob.

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