Frigate or galleon? (4)
I believe the answer is:
junk
This clue is a double definition.
'frigate' is the first definition.
(thesaurus)
'galleon?' is the second definition.
(thesaurus)
'or' acts as a link.
(Other definitions for junk that I've seen before include "Transport" , "Abandon" , "ship" , "Schlock" , "Sailing vessel; rubbish" .)