Correctly placed amid no-win situation (2,4)
I believe the answer is:
in situ
'correctly placed' is the definition.
(I've seen this before)
'amid no-win situation' is the wordplay.
'amid' indicates a hidden word.
'IN-SITU' is hidden within 'no win situation'.
(Other definitions for in situ that I've seen before include "Occupying the right position" , "Being in the original position, not having been moved" , "correctly positioned" , "As originally located" , "Appropriately located" .)