The most common and most likely answer to this crossword clue is the 12 letter word PAY-PER-VIEW
I've seen this crossword clue in Financial Times
P
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More clues leading to the result PAY-PER-VIEW
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 PAY-PER-VIEW mean?
PAY-PER-VIEW noun- A system of viewing individual television programmes for an additional charge over and above that for the standard service; normally used on cable and satellite systems.