Crossword Genius

Old tree with lovely leaves (7)

Ross

I believe the answer is:

elderly

I'm a little stuck... Click here to teach me more about this clue!

'old' is the definition.
(I know that old can be written as elderly)

'tree with lovely leaves' is the wordplay.
'tree' becomes 'elder' (elder is a kind of tree).
'with lovely leaves' becomes 'ly' (I am not sure about this - if you are sure you should believe this answer much more).
'elder'+'ly'='ELDERLY'

Can you help me to learn more?

(Other definitions for elderly that I've seen before include "Silver" , "... or not of tender years" , "Rather old" , "Of advanced years" , "Aged" .)

I've seen this clue in the Sydney Morning Herald.
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