Cryptic crossword clue
Taxi by Welsh lake seen in esoteric lore 7

The most common and most likely answer to this crossword clue is the 7 letter word CABBALA

I've seen this crossword clue in The Times
C
A
B
B
A
L
A

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The straight part
We know that "esoteric lore" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case esoteric lore = cabbala.
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 CABBALA mean?

CABBALA proper noun
  1. A body of mystical Jewish teachings based on an esoteric reading of the Hebrew scriptures.

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