Crossword Genius

It's minted by the company in time... (7)

Ross

I believe the answer is:

coinage

I'm a little stuck... Click here to teach me more about this clue!

'it's minted' is the definition.
I can't judge whether this definition defines the answer.

'by the company in time' is the wordplay.
'by' means one lot of letters go next to another.
'the company' becomes 'co' (abbreviation).
'time' becomes 'age' (an age is a period of time).
'co' put next to 'in' is 'coin'.
'coin'+'age'='COINAGE'

Can you help me to learn more?

(Other definitions for coinage that I've seen before include "in notes? No" , "Fresh bit of language" , "Some ready" , "Metal currency" , "Invention of a new word or phrase, say" .)

I've seen this clue in The Irish Independent.
Want a hint initially instead of a full solution? Install my app