Cryptic crossword clue
Watering is a bind in which first time is good 10

The most common and most likely answer to this crossword clue is the 10 letter word IRRIGATION

I've seen this crossword clue in Financial Times
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The straight part
We know that "Watering" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case watering = irrigation.
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 IRRIGATION mean?

IRRIGATION noun
  1. The act or process of irrigating, or the state of being irrigated; especially, the operation of causing water to flow over lands, for nourishing plants.

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