Crossword Genius

Believe Bill has surplus wealth (8)

Ross

I believe the answer is:

accredit

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

'believe' is the definition.
(I've seen this in another clue)

'bill has surplus wealth' is the wordplay.
'bill' becomes 'ac' (short for account).
'has' is a charade indicator (letters next to each other).
'surplus wealth' becomes 'credit' (I can't explain this - if you can you should believe this answer much more).
'ac'+'credit'='ACCREDIT'

Can you help me to learn more?

(Other definitions for accredit that I've seen before include "Accept as true" , "Certify, approve" , "Officially recognise" , "Attribute (something to)" , "Certify, ascribe" .)

I've seen this clue in The Globe and Mail.
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