Crossword Genius

Either way, it's no good (3)

Ross

I believe the answer is:

dud

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'either way' is the definition.

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for dud that I've seen before include "Not functioning" , "Faulty" , "Damp squib" , "Forged" , "Bullet that fails to fire" .)

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