What does the cryptic crossword clue "King taking speed for depression (6)" mean?

The definition is "depression". The wordplay uses a container (one word inside another). RATE (synonym="”speed”") in CR (synonym="Charles Rex, “King”") = CRATER; definition: "depression" The answer is CRATER.

King taking speed for depression (6)

Guardian Cryptic #29436 | 5 Down | 2024-07-16 flower

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