Crossword Genius

Fair to be arranged with sign outside (3,3)

Ross

I believe the answer is:

not bad

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'fair' is the definition.
(I've seen this before)

I can't explain the remainder of the clue.

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(Other definitions for not bad that I've seen before include "Fairly good, all things considered" , "Quite good" , "Grudging praise" , "could be OK" , "Passable" .)

I've seen this clue in The Independent.
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