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Cost adjuster sometimes called "Jimmy" (4)

Ross

I believe the answer is:

scot

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'called jimmy' is the definition.
Although both the answer and definition are singular nouns, I don't understand how they can define each other.

'cost adjuster sometimes' is the wordplay.
'cost' anagrams to 'SCOT'.
But, I am unsure how this is indicated.

Can you help me to learn more?

(Other definitions for scot that I've seen before include "Eg Aberdonian" , "British northerner" , "Native of Caledonia" , "---- free: originally free from penalties of taxation" , "Glaswegian, say" .)

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