Distribute loot due by arrangement (4,3)
I believe the answer is:
dole out
'distribute' is the definition.
('dole out' can be a synonym of 'distribute')
'loot due by arrangement' is the wordplay.
'by arrangement' is an anagram indicator.
'loot'+'due'='lootdue'
'lootdue' with letters rearranged gives 'DOLE OUT'.
(Another definition for dole out that I've seen is " Apportion".)
I've seen this clue in The Guardian.
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