Crossword Genius

Hire arrangement involving bill? It is roughly about property (14)

Ross

I believe the answer is:

characteristic

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'property' is the definition.
(I know that property can be written as characteristic)

'hire arrangement involving bill? it is roughly about' is the wordplay.
I cannot quite see how this works, but
'bill?' could be 'act' (I've seen this in other clues) and 'act' is found within the answer.
'it' could be 't' (abbreviation. e.g. in 'tis) and 't' is found within the answer.
'is' is within the answer.
'roughly' could be 'c' (circa) and 'c' is found in the answer.
'about' could be 're' ('re' means regarding or about) and 're' is found in the leftover letters.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for characteristic that I've seen before include "Typical (of a person or thing)" , "Typical of a particular person" , "Feature, quality" , "Trait" , "Distinctive" .)

I've seen this clue in The Times.
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