The most common and most likely answer to this crossword clue is the 8 letter word ALLOCATE
I've seen this crossword clue in Financial Times
A
L
L
O
C
A
T
E
More clues leading to the result ALLOCATE
- Distribute tea, local, in new arrangement
- Greek character with company to set up after everything set aside
- Assign to a cell roughly behind front of Alcatraz
- Renovated local tea place
- Ring girl after everything is found in place
- Toilet a collaborator erected, coming within budget
- Assign place to a student
- Place brewing local tea
- Imbibing last of alcohol, tea and cola sadly set aside
- Scottish town admits Conservative extremists in the place
Buddy explains!
The straight part
We know that "place" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case place = allocate.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 ALLOCATE mean?
ALLOCATE verb- To set aside for a purpose.
- To distribute according to a plan, generally followed by the adposition to.
- To reserve a portion of memory for use by a computer program.