Crossword Genius

Conceded everyone was in debt (7)

Ross

I believe the answer is:

allowed

'conceded' is the definition.
('allow' can be a synonym of 'concede')

'everyone was in debt' is the wordplay.
'everyone' becomes 'all' (all people).
'was in debt' becomes 'owed' ('they owed' means 'they were in debt').
'all'+'owed'='ALLOWED'

(Other definitions for allowed that I've seen before include "Legitimate" , "Given the chance" , "Acknowledged" , "Given permission" , "Owned" .)

I've seen this clue in The Telegraph.
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