Crossword Genius

Hand on new deposit (4)

Ross

I believe the answer is:

pawn

'deposit' is the definition.
(thesaurus)

'hand on new' is the wordplay.
'hand' becomes 'paw' ('paw' can be a synonym of 'hand').
'on' means one lot of letters go next to another.
'new' becomes 'n'.
'paw'+'n'='PAWN'

(Other definitions for pawn that I've seen before include "Lend uncle" , "Give as security" , "Exploited person" , "Insignificant player" , "One getting used" .)

I've seen this clue in The Mirror.
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