Rifle is also left raised (4)
I believe the answer is:
loot
'rifle' is the definition.
(thesaurus)
'also left raised' is the wordplay.
'also' becomes 'too' ('too' can be a synonym of 'also').
'left' becomes 'l' (common abbreviation).
'raised' is a reversal indicator.
'too'+'l'='tool'
'tool' backwards is 'LOOT'.
'is' acts as a link.
(Other definitions for loot that I've seen before include "Swag, booty" , "Tool for plundering" , "Steal (goods); money" , "Booty, spoils" , "Steal goods as spoils" .)