Rescued broken contracts (7)

I believe the answer is:

reduces

'contracts' is the definition.
('reduce' can be a synonym of 'contract')

'rescued broken' is the wordplay.
'broken' is an anagram indicator.
'rescued' is an anagram of 'REDUCES'.

(Other definitions for reduces that I've seen before include "Secured (anag.)" , "Lowers" , "contracts" , "Takes off, weight say" , "Makes smaller or lower" .)

I've seen this clue in The Telegraph.

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