What does the cryptic crossword clue "Relinquish valuable item, mostly for drink (9)" 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.

Relinquish valuable item, mostly for drink (9)

Times Cryptic #29200 | 11 Across | 2025-04-10

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I haven't cracked this one yet — but the brilliant team at Times for the Times have:

DEMIT(relinquish) then ASSET(valuable item)

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