Friendly understanding in recent enterprise (7)
I believe the answer is:
entente
'friendly understanding' is the definition.
(I've seen this before)
'in recent enterprise' is the wordplay.
'in' says the answer is hidden in the clue.
'ENTENTE' is hidden in the letters of 'recent enterprise'.
(Other definitions for entente that I've seen before include "Friendly arrangement" , "Interstate understanding" , "Friendly agreement between countries" , "Friendly agreement between states" , "friendly relations" .)