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Fixes penalties underpinning limits of divergence (7)

Ross

I believe the answer is:

defines

'fixes' is the definition.
(I know this)

'penalties underpinning limits of divergence' is the wordplay.
'penalties' becomes 'fines' (fine is a kind of penalty).
'underpinning' is a charade indicator (letters next to each other) (I've seen this in other clues).
'limits of' suggests removing the centre.
'divergence' with its centre removed is 'de'.
'fines' after 'de' is 'DEFINES'.

I've seen this clue in The Telegraph.
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