On top of elevated location, caught cold (5)
I believe the answer is:
chill
'cold' is the definition.
(chill is a kind of cold)
'on top of elevated location caught' is the wordplay.
'on top of' says to put letters next to each other.
'elevated location' becomes 'hill' (piece of high ground).
'caught' becomes 'c' (cricket abbreviation).
'hill' after 'c' is 'CHILL'.
(Other definitions for chill that I've seen before include "Sensation of cold or dread" , "Make cold (or frightened)" , "Make cold; relax" , "Slang injunction to relax - it's cold" , "Feverish cold; relax" .)