A loch or lake, even (5)
I believe the answer is:
leven
'a loch' is the definition.
(I've seen this in other clues)
'lake even' is the wordplay.
'lake' becomes 'L' (geographical abbreviation).
'l'+'even'='LEVEN'
'or' is the link.
(Another definition for leven that I've seen is " Loch".)
I've seen this clue in the Evening Standard.
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