The most common and most likely answer to this crossword clue is the 3 plus 4 letter word DID TIME
I've seen this crossword clue in Independent
D
I
D
T
I
M
E
Buddy explains!

The straight part
We know that "CD?" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cd? = did time.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.