Crossword Genius

Made good, funny anecdotes about Westminster type (11)

Ross

I believe the answer is:

compensated

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'made good' is the definition.
The answer and definition can be both to do with ownership as well as being past participle verbs.
Perhaps you can see a link between them that I can't see?

I can't explain the remainder of the clue.

Can you help me to learn more?

(Another definition for compensated that I've seen is " Made up".)

I've seen this clue in The Times.
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