Crossword Genius

Firm retains one’s pass to deal out (8)

Ross

I believe the answer is:

dispense

I'm a little stuck... Click here to teach me more about this clue!

'deal out' is the definition.
(I know that deal out can be written as dispense)

'firm retains one's pass' is the wordplay.
I cannot really understand how this works, but
'one's' could be 'is' (Roman numeral) and 'is' is located in the answer.
This explanation may well be incorrect...

'to' acts as a link.

Can you help me to learn more?

(Other definitions for dispense that I've seen before include "Issue (e.g. medicine); do (with)out" , "let off?" , "Portion out as chemist does" , "Prepare and give out, as chemist does medicines" , "Supply (prescription)" .)

I've seen this clue in the Sydney Morning Herald.
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