Livery company's property, it's true (4)
I believe the answer is:
very
'true' is the definition.
(I've seen this in other clues)
'livery company's property' is the wordplay.
'VERY' is hidden in amongst the letters.
But, I am not sure how this is indicated.
'it's' is the link.
Can you help me to learn more?
(Other definitions for very that I've seen before include "Kind of light" , "Sort of light" , "Absolutely" , "Actual; in a high degree" , "Exactly, really" .)