Vice-president holding up English money in show of contrition (9)
I believe the answer is:
penitence
'show of contrition' is the definition.
'vice-president holding up english money' is the wordplay.
'vice-president' becomes 'pence' (Mike Pence).
'holding' means one lot of letters goes inside another.
'up' is a reversal indicator (in down clue: letters go upwards).
'english' becomes 'e' (abbreviation).
'money' becomes 'tin' (I've seen this before**).
'e'+'tin'='etin'
'etin' reversed gives 'nite'.
'pence' placed around 'nite' is 'PENITENCE'.
'in' is the link.
(Other definitions for penitence that I've seen before include "display of remorse" , "A show of regret for wrongdoing" , "Contriteness" , "shame" , "Contrition, remorse" .)