What does the cryptic crossword clue "Separate condition by leader of firm in reformulated tender (9)" 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.

Separate condition by leader of firm in reformulated tender (9)

Daily Mail Cryptic #17389 | 16 Down | 2024-06-27

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