Late ordering story (4)
I believe the answer is:
'story' is the definition.
(I know that story can be written as tale)
'late ordering' is the wordplay.
'ordering' is an anagram indicator.
'late' is an anagram of 'TALE'.
(Other definitions for tale that I've seen before include "Late with a story" , "An account of incidents or events" , "See 20" , "Story or anecdote" , "Report" .)