What does the cryptic crossword clue "Head of clearing house freezes options (7)" mean?

The definition is "options". The wordplay uses a charade (building blocks). C (first_letter="clearing") + HO (abbreviation="house") + ICES (synonym="freezes") = CHOICES; definition: "options" The answer is CHOICES.

Head of clearing house freezes options (7)

Guardian Cryptic #28974 | 21 Across | 2023-01-23 flower

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