A Parisian concert venue was in debt and not venerated (10)
I believe the answer is:
unhallowed
'not venerated' is the definition.
The answer and definition are different parts of speech. However, past participle verbs and adjectives occasionally mean the same thing.
'a parisian concert venue was in debt' is the wordplay.
'a parisian' becomes 'un' ('a' in French).
'concert venue' becomes 'hall' (as in a concert hall).
'was in debt' becomes 'owed' ('they owed' means 'they were in debt').
'un'+'hall'+'owed'='UNHALLOWED'
'and' acts as a link.
Can you help me to learn more?
(Another definition for unhallowed that I've seen is " profane".)