Wish for having time off in sheltered bay (4)

I believe the answer is:

cove

I'm a little stuck... Click here to teach me more about this clue!

'sheltered bay' is the definition.
(I've seen this before)

I cannot understand how the rest of the clue works.

(Other definitions for cove that I've seen before include "A small inlet or slangy bloke" , "Old fish" , "Sheltered bay, inlet" , "Small bay or coastal inlet" , "A small sea inlet or slangy man" .)

I've seen this clue in The Times.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.