Recall e.g. Michael Stipe losing one million (8)
I believe the answer is:
remember
'recall' is the definition.
(I know that recall can be written as remember)
'e g michael stipe losing one million' is the wordplay.
'michael stipe' becomes 'REM member' (Michael Stipe is a member of the band REM).
'losing' is a deletion indicator.
'one million' becomes 'meg' (synonyms).
'e'+'g'+'remmember'='egremmember'
'egremmember' with 'meg' taken away is 'REMEMBER'.
(Other definitions for remember that I've seen before include "Be sure" , "Commemorate" , "Mark" , "Keep in mind" , "Think back" .)