Lecherous god for example right to save time (5)
I believe the answer is:
satyr
'lecherous god' is the definition.
(satyrs are lustful gods in Greek myth)
'for example right to save time' is the wordplay.
'for example' becomes 'say' ('say' can be used to introduce an example).
'right' becomes 'r' (common abbreviation).
'to save' indicates putting letters inside.
'time' becomes 't' (abbreviation).
'say'+'r'='sayr'
'sayr' enclosing 't' is 'SATYR'.
(Other definitions for satyr that I've seen before include "nymphalid" , "Part man, part goat" , "Mythical woodland god or grossly lustful man" , "Pan maybe" , "Lustful, drunken woodland god" .)