The most common and most likely answer to this crossword clue is the 5 letter word EMBER
I've seen this crossword clue in Financial Times
E
M
B
E
R
More clues leading to the result EMBER
- Remnant of fire found at the end of three months
- Kind of sleep-deprived, think back and glower
- Glower from club regular, not the first
- Dying remains end in three months
- One that’s still smouldering, as three months come to an end
- . Cut top off finger and it glows red hot
- Person in group dropping money in dying fire
- The remainder of last month
- At the end of three months, it glows
- Recall losing band in remains of fire?
Buddy explains!

The straight part
We know that "One that’s still smouldering" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case one that’s still smouldering = ember.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 EMBER mean?
EMBER noun- A glowing piece of coal or wood.
- Smoldering ash.
- Making a circuit of the year or the seasons; recurring in each quarter of the year, as certain religious days set apart for fasting and prayer.