Colour is returning from every vantage point (4)
I believe the answer is:
navy
'colour' is the definition.
(navy is a kind of colour)
'returning from every vantage point' is the wordplay.
'returning' says the letters should be written backwards.
'from' indicates a hidden word.
'yvan' is hidden in the letters of 'every vantage point'.
'yvan' written backwards gives 'NAVY'.
'is' acts as a link.
(Other definitions for navy that I've seen before include "Dark shade of blue" , "Ships-of-war" , "Marine force" , "Colour; fighting force" , "A dark blue; service" .)