Female made a record -- it's sold (7)
I believe the answer is:
flogged
'sold' is the definition.
'female made a record' is the wordplay.
'female' becomes 'f' (abbreviation).
'made a record' becomes 'logged' (to log something is to record it).
'f'+'logged'='FLOGGED'
'it's' is the link.
(Other definitions for flogged that I've seen before include "Lashed -- sold" , "Beat severely or sold" .)