Crossword Genius

Chance intrepid leader's missing (5)

Ross

I believe the answer is:

lucky

I'm a little stuck... Click here to teach me more about this clue!

'missing' is the definition.
Both the answer and definition are adjectives. Maybe you can see an association between them that I can't see?

'chance intrepid leader's' is the wordplay.
'chance' becomes 'luck' (synonyms).
'intrepid leader' becomes 'y' (I can't justify this - if you can you should give a lot more credence to this answer).
'luck'+'y'='LUCKY'

Can you help me to learn more?

(Other definitions for lucky that I've seen before include "by chance" , "Auspicious" , "Bringing good fortune" , "Game where prizes are picked from a tub" , "'It is better to be born . . . . . than rich'" .)

I've seen this clue in The Times.
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