What does the cryptic crossword clue "Leaders of emerging business beginning to recede (3)" mean?

The definition is "recede". The wordplay uses a charade (building blocks). E (first_letter="emerging") + B (first_letter="business") + B (first_letter="beginning") = EBB; definition: "recede" The answer is EBB.

Leaders of emerging business beginning to recede (3)

Daily Mail Cryptic #17405 | 3 Down | 2024-07-19 flower

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