I sped to exotic place (7)
I believe the answer is:
deposit
'place' is the definition.
(depositing is a kind of placing)
'i sped to exotic' is the wordplay.
'exotic' indicates an anagram.
'i'+'sped'+'to'='ispedto'
'ispedto' anagrammed gives 'DEPOSIT'.
(Other definitions for deposit that I've seen before include "Money given as security" , "Posited as down payment" , "First instalment" , "Down payment made to secure goods" , "Lay down" .)