What does the cryptic crossword clue "Livery stable (7)" 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.

Livery stable (7)

Guardian Cryptic #26544 | 18 Down | 2015-04-13 flower

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Times Sunday #5082 (2023-10-22)