Cryptic crossword clue
Relieved parents settled after graduate belatedly cleared out 7

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

I've seen this crossword clue in The Times
B
A
B
Y
S
A
T

Buddy explains!

The straight part
We know that "Relieved parents" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case relieved parents = babysat.
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 BABYSAT mean?

BABYSAT verb
  1. To watch or tend someone else's child for a period of time, often for money.
  2. To watch or attend anything or anyone unnecessarily closely; to have to help or coax too much.

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