The most common and most likely answer to this crossword clue is the 4 plus 3 plus 3 letter word QUID PRO QUO
I've seen this crossword clue in Financial Times
Q
U
I
D
P
R
O
Q
U
O
More clues leading to the result QUID PRO QUO
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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.