Cryptic crossword clue
Renounce gift –- it could amount to making money illegally 14

The most common and most likely answer to this crossword clue is the 14 letter word COUNTERFEITING

I've seen this crossword clue in The Sunday Telegraph
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Buddy explains!

The straight part
We know that "making money illegally" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case making money illegally = counterfeiting.
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 COUNTERFEITING mean?

COUNTERFEITING verb
  1. To falsely produce what appears to be official or valid; to produce a forged copy of.
  2. To produce a faithful copy of.
  3. To feign; to mimic.
  4. (usually "be counterfeited") Of a turn or river card, to invalidate a player's hand by making a better hand on the board.
COUNTERFEITING noun
  1. The act of one who counterfeits.

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