What does the cryptic crossword clue "Host key in exchanges about liberal ex-president (8)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Host key in exchanges about liberal ex-president (8)

Daily Mail Cryptic #17383 | 18 Down | 2024-06-19

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