In the parlance of today, thanks for the encouragement (6)

I believe the answer is:

cheers

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'the encouragement' is the definition.
(I've seen this before)

I don't understand how the remainder of the clue works.

(Other definitions for cheers that I've seen before include "Heartens with hurrahs" , "A colloquial toast - hooray!" , "Shouts of praise" , "Bottoms up; thanks" , "Drinker's toast" .)

I've seen this clue in the Evening Standard.

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