The most common and most likely answer to this crossword clue is the 7 letter word DEMOTES
I've seen this crossword clue in Financial Times
D
E
M
O
T
E
S
More clues leading to the result DEMOTES
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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 DEMOTES mean?
DEMOTES verb- To lower the rank or status of.
- To relegate.