Give up wearing a ring? (7)

I believe the answer is:

abandon

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'give up' is the definition.
(synonyms)

'wearing a ring?' is the wordplay.
'wearing' means one lot of letters goes inside another.
'a' becomes 'an'.
'ring?' becomes 'bando' (I am not sure about this - if you are sure you should believe this answer much more).
'an' enclosing 'bando' is 'ABANDON'.

Can you help me to learn more?

(Other definitions for abandon that I've seen before include "Give up (something) completely" , "Forsake, leave behind" , "Czech city" , "Stop" , "ditch" .)

I've seen this clue in The Independent.

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