What does the cryptic crossword clue "Holed in one side, catamaran partly capsized (4)" mean?

The definition is "Holed in one". The wordplay uses a hidden word. Hidden reversed in "holed in one siDE, CAtamaran partly capsized" The answer is ACED.

Holed in one side, catamaran partly capsized (4)

Guardian Cryptic #28945 | 25 Down | 2022-12-20 flower

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