Elapse; exceed (4)
I believe the answer is:
pass
This clue is a double definition.
'elapse' is the first definition.
(I know that elapse can be written as pass)
'exceed' is the second definition.
(I know that exceed can be written as pass)
(Other definitions for pass that I've seen before include "Elapse; mountain route" , "Permit to enter or leave" , "OK" , "Go by; col" , "Exceed; go by" .)