Prepare party for compromise (6)

I believe the answer is:

makedo

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'compromise' is the definition.
I don't know anything about this answer so I cannot tell whether this works.

'prepare party' is the wordplay.
'prepare' becomes 'make' (synonyms).
'party' becomes 'do' (do is a kind of party).
'make'+'do'='MAKEDO'

'for' is the link.

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I've seen this clue in The Irish Times.

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