Decent record held down (9)
I believe the answer is:
depressed
'down' is the definition.
(I know that down can be written as depressed)
'decent record held' is the wordplay.
'decent' becomes 'dressed' (I've seen this in another clue).
'record' becomes 'EP' (abbreviation for extended play record).
'held' indicates putting letters inside.
'dressed' placed around 'ep' is 'DEPRESSED'.
(Other definitions for depressed that I've seen before include "Indented or melancholy" , "Having been pushed down" , "Flattened downward" , "Downhearted" , "dispirited" .)