Time around the Spanish stall (5)
I believe the answer is:
delay
'stall' is the definition.
(thesaurus)
'time around the spanish' is the wordplay.
'time' becomes 'day' (day is a kind of time**).
'around' is an insertion indicator.
'the spanish' becomes 'el'.
'day' placed around 'el' is 'DELAY'.
(Other definitions for delay that I've seen before include "Hold-up, time lag" , "Postpone, defer" , "Postponement" , "Linger - slow down - put off" , "Put off; pause" .)