The most common and most likely answer to this crossword clue is the 7 letter word CUTBACK
I've seen this crossword clue in The Daily Telegraph
C
U
T
B
A
C
K
Buddy explains!

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 CUTBACK mean?
CUTBACK noun- A reduction of some sort in an existing program.
- Maneuver where the surfer turns and surfs back towards where the wave is breaking.
- (roofing) Solvent-thinned bitumen used in cold process roofing adhesives, cements and coatings.
- An offensive pass played into a position further from the attacking goal line.