Cryptic crossword clue
Praetorian out for compensation 10

The most common and most likely answer to this crossword clue is the 10 letter word REPARATION

I've seen this crossword clue in Financial Times
R
E
P
A
R
A
T
I
O
N

Buddy explains!

The straight part
We know that "compensation" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case compensation = reparation.
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 REPARATION mean?

REPARATION noun
  1. (usually in the plural) A payment of time, effort or money to undo past transgression(s).
  2. The act of renewing, restoring, etc., or the state of being renewed or repaired.

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