Ignore importance of aristocratic underworld figure? (8)
I believe the answer is:
discount
'ignore importance of' is the definition.
'underworld figure?' is the wordplay.
'underworld' becomes 'dis' (I've seen this before).
'figure?' becomes 'count' (I can't explain this - if you can you should give a lot more credence to this answer).
'dis'+'count'='DISCOUNT'
'aristocratic' acts as a link.
I am not very happy about this link. It may be part of another bit of the clue.
Can you help me to learn more?
(Other definitions for discount that I've seen before include "Ignore - trade concession" , "Deduction granted on payment" , "Ignore - price reduction" , "Disbelieve" , "Reject as unimportant" .)