Cryptic crossword clue
Owed a couple of pounds, journalist fought for honour 7

The most common and most likely answer to this crossword clue is the 7 letter word DUELLED

I've seen this crossword clue in Financial Times
D
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D

Buddy explains!

The straight part
We know that "fought for honour" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fought for honour = duelled.
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 DUELLED mean?

DUELLED verb
  1. To engage in a battle.

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