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Paradoxically sinks money in a new company (6)

Ross

I believe the answer is:

floats

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If this is the answer I cannot explain how the clue works.

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(Other definitions for floats that I've seen before include "Hovers" , "Rests or drifts on the surface" , "Rests or moves on the surface of liquid" , "Stays on the surface of water" , "Remains on the surface of liquid" .)

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