Bread is badly cooked (7)
I believe the answer is:
braised
'cooked' is the definition.
(similar in meaning)
'bread is badly' is the wordplay.
'badly' indicates an anagram (letters in the wrong order).
'bread'+'is'='breadis'
'breadis' with letters rearranged gives 'BRAISED'.
(Other definitions for braised that I've seen before include "Fried then slowly stewed" , "Stewed in closed pot" .)