Banshee condemns person considered to be no longer of any significance (7)

I believe the answer is:

hasbeen

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'person considered to be no longer of any significance' is the definition.
I don't know anything about this answer so I can't judge whether it can be defined by this definition.

'banshee condemns' is the wordplay.
'condemns' indicates anagramming the letters (I've seen 'condemned' mean this).
'banshee' is an anagram of 'HASBEEN'.

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I've seen this clue in The Irish Times.

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