Cryptic crossword clue
Vice-president holding up English money in show of contrition 9

The most common and most likely answer to this crossword clue is the 9 letter word PENITENCE

I've seen this crossword clue in The Guardian
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Buddy explains!

The straight part
We know that "show of contrition" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case show of contrition = penitence.
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 PENITENCE mean?

PENITENCE noun
  1. The condition of being penitent; a feeling of regret or remorse for doing wrong or sinning.

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