Crossword Genius

Limit set up on time for agreement (4)

Ross

I believe the answer is:

pact

'for agreement' is the definition.
(a pact is an agreement or deal)

'limit set up on time' is the wordplay.
'limit' becomes 'cap' (capping is a kind of limiting).
'set up' says the letters should be written in reverse (in a down clue, letters go up).
'on' says to put letters next to each other.
'time' becomes 't' (abbreviation).
'cap' backwards is 'pac'.
'pac'+'t'='PACT'

(Other definitions for pact that I've seen before include "Agreement, bargain" , "Formal agreement between parties or states" , "deal" , "Treaty, formal agreement" , "Agreement, covenant" .)

I've seen this clue in The Telegraph.
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