What does the cryptic crossword clue "Managed business using foreign currency with banks out for spite (7)" mean?

The definition is "spite". The wordplay uses a deletion. RAN (synonym="managed") + CO (synonym="business") + UR (synonym="UR") = RANCOUR; definition: "Managed" The answer is RANCOUR.

Managed business using foreign currency with banks out for spite (7)

Guardian Cryptic #29175 | 18 Down | 2023-09-14 flower

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