Crossword Genius

Old relative sheds pounds? A lot less than that (5)

Ross

I believe the answer is:

ounce

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'a lot less than that' is the definition.
The definition and answer can be both quantities as well as being singular nouns.
Maybe you can see an association between them that I can't see?

'old relative sheds pounds?' is the wordplay.
'old' becomes 'o' (common abbreviation eg in OE for Old English).
'relative sheds pounds?' becomes 'unce' (I am not sure about this - if you are sure you should believe this answer much more).
'o'+'unce'='OUNCE'

Can you help me to learn more?

(Other definitions for ounce that I've seen before include "28.3495 grammes" , "Lightweight" , "Wildcat" , "Enough to tip the scales" , "Oz" .)

I've seen this clue in The Times.
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