Cryptic crossword clue
Postal item not delivered late? 4,6

The most common and most likely answer to this crossword clue is the 4 plus 6 letter word DEAD LETTER

I've seen this crossword clue in Financial Times
D
E
A
D
L
E
T
T
E
R

Buddy explains!

The straight part
We know that "Postal item not delivered" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case postal item not delivered = dead letter.
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.

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