Risk exercising near track when Central train exits (5)
I believe the answer is:
peril
'risk' is the definition.
(synonyms)
'exercising near track when central train exits' is the wordplay.
I cannot really understand how this works, but
'exercising' could be 'pe' (abbreviation for Physical Education) and 'pe' is found in the answer.
This may be the basis of clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for peril that I've seen before include "Danger, hazard" , "Immediate danger" , "Hazardous situation" , "Source of danger" , "risk" .)