Cryptic crossword clue
Woman originally holding a signal for person rescued 7

The most common and most likely answer to this crossword clue is the 7 letter word EVACUEE

I've seen this crossword clue in The Sunday Telegraph
E
V
A
C
U
E
E

Buddy explains!

The straight part
We know that "person rescued" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case person rescued = evacuee.
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 EVACUEE mean?

EVACUEE noun
  1. A person who has been evacuated, especially a civilian evacuated from a dangerous place in time of war

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