The most common and most likely answer to this crossword clue is the 7 letter word OVATION
I've seen this crossword clue in Independent
O
V
A
T
I
O
N
More clues leading to the result OVATION
- One may stand for this new idea, not local
- Hand over tax: a tiny bit charged
- Hand over tax I owe? Not at first
- In casino it avoids rejecting a hand
- Enthusiastic reception, with hint of relief, for victory speech
- Acclaim unlimited rations, following boundless love
- Pub shunning novelty? Cheers!
- Overhaul of property without leading trio produces very positive response
- Cheering new development getting rid of pub
- Hotel abandons new idea for reception
Buddy explains!

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 OVATION mean?
OVATION noun- A victory ceremony of less importance than a triumph.
- (by extension) A (ceremony for the) recognition of some achievement.
- (by extension) Prolonged enthusiastic applause.
- To give (someone) an ovation (prolonged enthusiastic applause).
- The act of laying eggs.