Crossword Genius

Owning nothing paid for? (8)

Ross

I believe the answer is:

allowing

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'owning' is the definition.
The answer and definition can be both to do with ownership as well as being present participle verbs.
Perhaps you can see a link between them that I can't see?

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for allowing that I've seen before include "Permitting or conceding" , "not stopping" , "Granting, permitting" , "Admitting" , "Giving permission" .)

I've seen this clue in The Times.
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