The most common and most likely answer to this crossword clue is the 10 letter word LATTER-DAY
I've seen this crossword clue in The Guardian
L
A
T
T
E
R
-
D
A
Y
More clues leading to the result LATTER-DAY
Buddy explains!
The straight part
We know that "present" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case present = latter-day.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 LATTER-DAY mean?
LATTER-DAY adjective- Modern, recent.