Right to give out terms of reference (5)
I believe the answer is:
remit
'terms of reference' is the definition.
(I've seen this before)
'right to give out' is the wordplay.
'right' becomes 'r' (common abbreviation).
'to give out' becomes 'emit' (synonyms).
'r'+'emit'='REMIT'
(Other definitions for remit that I've seen before include "Area(s) of responsibility or to be dealt with" , "Assigned task or area" , "Send - scope of one's duties" , "committee's brief" , "Pardon (a sin)" .)