FBI lease renewed? It’s possible (8)
I believe the answer is:
feasible
'possible' is the definition.
(similar in meaning)
'fbi lease renewed?' is the wordplay.
'renewed?' indicates an anagram.
'fbi'+'lease'='fbilease'
'fbilease' with letters rearranged gives 'FEASIBLE'.
'it's' acts as a link.
(Other definitions for feasible that I've seen before include "Able to be effected" , "Capable of being done" , "Able to be done, practical" , "Base life (anag.)" , "Easily possible to do" .)