Cryptic crossword clue
Old graduate splitting pants in Nicaraguan capital 8

The most common and most likely answer to this crossword clue is the 8 letter word CORDOBAS

I've seen this crossword clue in The Guardian
C
O
R
D
O
B
A
S

Buddy explains!

The straight part
We know that "Nicaraguan capital" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case nicaraguan capital = cordobas.
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 CORDOBAS mean?

CORDOBAS noun
  1. The currency of Nicaragua, divided into 100 centavos.

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