What does the cryptic crossword clue "A word's formulated about house for touring group of performers (8)" 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.

A word's formulated about house for touring group of performers (8)

Daily Mail Cryptic #17079 | 8 Down | 2023-04-19

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