Veil stripped in high way robbery (5)
I believe the answer is:
heist
'robbery' is the definition.
(heist is a kind of robbery)
'veil stripped in high way' is the wordplay.
'stripped' indicates the central letters.
'in' is an insertion indicator.
'high' becomes 'h' (this might be a standard abbreviation I've not previously seen).
'way' becomes 'st' (abbreviation for street).
The middle letters of 'veil' are 'ei'.
'h'+'st'='hst'
'ei' placed into 'hst' is 'HEIST'.
Can you help me to learn more?
(Other definitions for heist that I've seen before include "Armed robbery" , "criminal activity" , "Robbery, often at gunpoint" , "Armed hold-up (sl.)" , "Bank robbery" .)