Cold joint counter (4)
I believe the answer is:
chip
'counter' is the definition.
(I know that chip is a type of counter)
'cold joint' is the wordplay.
'cold' becomes 'C' (eg on taps).
'joint' becomes 'hip' (part of body).
'c'+'hip'='CHIP'
(Other definitions for chip that I've seen before include "Short lofted golf shot" , "Slice - approach shot in golf" , "Flaw" , "loft" , "Damage" .)