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About the property contract — let it go! (7)

Ross

I believe the answer is:

release

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'go' is the definition.
The answer and definition can be both acts as well as being singular nouns.
Maybe you can see an association between them that I can't see?

'about the property contract let it' is the wordplay.
'about' means one lot of letters goes inside another.
'the property' becomes 'r' (r is a kind of property).
'contract' means to remove the last letter (contract can mean to shorten).
'let' becomes 'leased' (I've seen this before).
'it' becomes 'e' ('e' can mean 'electronic' which is similar to 'IT').
'leased' with its final letter taken off is 'lease'.
'r'+'lease'='rlease'
'rlease' placed around 'e' is 'RELEASE'.

Can you help me to learn more?

(Other definitions for release that I've seen before include "Free - delivery" , "New film" , "Liberate" , "Prisoner eagerly awaits this" , "press announcement" .)

I've seen this clue in The Hindu.
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