Cryptic crossword clue
Without a discount at the end this would be jolly steep 8

The most common and most likely answer to this crossword clue is the 8 letter word MARINATE

I've seen this crossword clue in Financial Times
M
A
R
I
N
A
T
E


Buddy explains!

The straight part
We know that "steep" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case steep = marinate.
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 MARINATE mean?

MARINATE verb
  1. To allow a sauce or flavoring mixture to absorb into something; to steep or soak something in a marinade to flavor or prepare it for cooking.

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