Crossword Genius

Not a crime to be coolly carried out (5)

Ross

I believe the answer is:

arson

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'out' is the definition.
The answer and definition can be both acts as well as being singular nouns.
Maybe they are linked in a way I don't understand?

I cannot understand how the rest of the clue works.

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(Other definitions for arson that I've seen before include "Act of a pyromaniac" , "A burning crime" , "major crime" , "Fire-raising crime" , "Crime of fire setting" .)

I've seen this clue in The Globe and Mail.
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