Proceeds or goes back (7)
I believe the answer is:
returns
I believe this clue is a double definition.
'proceeds' is the first definition.
(I've seen this before)
'goes back' is the second definition.
('return' can be a synonym of 'go back')
'or' is the link.
(Other definitions for returns that I've seen before include "profit" , "Sends back" , "Profits" , "Hands back" , "Throws made by cricketers" .)