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The
King
conceals
ascendant
spirit
of
victory
(4)
The King conceals ascendant spirit of victory (4)
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The definition is at the end of the clue.
How the clue works
Look at spirit of victory — that's your definition, the Greek goddess NIKE. Now, "conceals" tells you the letters are hidden inside the King, and "ascendant" nudges you to read them backwards, so dig into "thE KINg" in reverse and out she comes.