Make out a new plan for Marxist flotation (7)
I believe the answer is:
redraft
'marxist flotation' is the definition.
Although both the answer and definition are singular nouns, I can't understand how one could define the other.
'make out a new plan for' is the wordplay.
'make' becomes 'redo' (redoing is a kind of making).
'out' means to remove the last letter.
'a new plan for' becomes 'raft' (I can't explain this - if you can you should give a lot more credence to this answer).
'redo' with its last letter removed is 'red'.
'red'+'raft'='REDRAFT'
Can you help me to learn more?
(Other definitions for redraft that I've seen before include "Make a copy" , "Sketch a new plan" , "second edition" , "Altered document" , "Change outline" .)