Give out wrong time (4)
I believe the answer is:
emit
'give out' is the definition.
(synonyms)
'wrong time' is the wordplay.
'wrong' indicates an anagram.
'time' is an anagram of 'EMIT'.
(Other definitions for emit that I've seen before include "Sent" , "Make audible sounds" , "shed" , "'Give off, odour say (4)'" , "Give out (eg light)" .)