What does the cryptic crossword clue "Conducts gender-fluid performances (9)" mean?

The definition is "Conducts". The wordplay uses a charade (building blocks). TRANS (synonym of "gender-fluid") + ACTS (synonym of "performances"); definition: "Conducts" The answer is TRANSACTS.

Conducts gender-fluid performances (9)

Guardian Cryptic #29202 | 4 Down | 2023-10-16 flower

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