A horse to take time for drink (8)
I believe the answer is:
amaretto
'for drink' is the definition.
(I've seen this before)
'a horse to take time' is the wordplay.
'horse' becomes 'mare' (mare is a kind of horse).
'take' indicates putting letters inside.
'time' becomes 't' (abbreviation).
'to' going around 't' is 'tto'.
'a'+'mare'+'tto'='AMARETTO'
(Other definitions for amaretto that I've seen before include "rink" , "Ma, rotate the almond liqueur" , "drink" , "Italian almond liqueur" , "Almond-flavoured liqueur" .)