Utterly depressed, correct? (9)
I believe the answer is:
downright
'utterly' is the definition.
(downright can mean utterly or totally)
'depressed? correct' is the wordplay.
'depressed?' becomes 'down' ('down' can be a synonym of 'depressed').
'correct' becomes 'right' (right can mean correct).
'down'+'right'='DOWNRIGHT'
(Other definitions for downright that I've seen before include "Out-and-out" , "Blatant" , "Frank" , "Utter, arrant" , "blunt" .)