Give up on account of square on Monopoly board (5)
I believe the answer is:
forgo
'give up' is the definition.
(to forgo something is to give it up)
'account of square on monopoly board' is the wordplay.
'account of' becomes 'for' (I've seen this in other clues).
'square on monopoly board' becomes 'go' (I can't justify this - if you can you should give a lot more credence to this answer).
'for'+'go'='FORGO'
'on' acts as a link.
Can you help me to learn more?
(Other definitions for forgo that I've seen before include "Waive" , "Go without (something)" , "Do without (something desirable)" , "Live without" , "Relinquish, give up" .)