Crossword Genius

Creditor relieved, folded (7)

Ross

I believe the answer is:

creased

'folded' is the definition.
(creasing is a kind of folding)

'creditor relieved' is the wordplay.
'creditor' becomes 'cr'.
'relieved' becomes 'eased' ('ease' can be a synonym of 'relieve').
'cr'+'eased'='CREASED'

(Other definitions for creased that I've seen before include "Folded" , "Needing to be ironed?" , "Groovy" , "Needing ironing" , "Wrinkled, rumpled" .)

I've seen this clue in the Sydney Morning Herald.
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