Property receiving new approvals (7)
I believe the answer is:
assents
'approvals' is the definition.
(I've seen this in another clue)
'property receiving new' is the wordplay.
'property' becomes 'assets' (I've seen this before).
'receiving' means one lot of letters goes inside another.
'new' becomes 'n' (common abbreviation eg NT for New Testament).
'assets' enclosing 'n' is 'ASSENTS'.
(Other definitions for assents that I've seen before include "Accedes, acquiesces" , "Expresses agreement" , "Says yes" , "Agrees, complies" , "Gives nod" .)