Crossword Genius

Accepts new contract and quits (7)

Ross

I believe the answer is:

resigns

I'm a little stuck... Click here to teach me more about this clue!

This clue might be a double definition.

'accepts new contract' is the first definition.
'resigns' can be an answer for 'accepts' (resigning is a kind of accepting). I am not sure about the 'new contract' bit.

'quits' is the second definition.
(resigning is a kind of quitting)

'and' is the link.

Can you help me to learn more?

(Other definitions for resigns that I've seen before include "Gives up (a post)" , "Leaves job voluntarily" , "does the honourable thing" , "abdicates" .)

I've seen this clue in The Globe and Mail.
Want a hint initially instead of a full solution? Install my app