Bishop resides in a street in foreign parts (6)
I believe the answer is:
abroad
'in foreign parts' is the definition.
(I've seen this before)
'bishop resides in a street' is the wordplay.
'bishop' becomes 'B' (chess abbreviation).
'resides in' indicates putting letters inside.
'street' becomes 'road' (I've seen this before).
'a'+'road'='aroad'
'b' going within 'aroad' is 'ABROAD'.
(Other definitions for abroad that I've seen before include "out of UK?" , "over a wide area" , "Out of doors - in foreign parts" , "In foreign land" , "in the field" .)