Meant not to be found in action (7)
I believe the answer is:
denoted
'meant' is the definition.
(denoting is a kind of meaning)
'not to be found in action' is the wordplay.
'to be found in' is an insertion indicator.
'action' becomes 'deed' (deed is a kind of action).
'not' inserted inside 'deed' is 'DENOTED'.
(Other definitions for denoted that I've seen before include "Signified" , "Indicated or meant" .)