Sanctioned everything not yet paid for (7)
I believe the answer is:
allowed
'sanctioned' is the definition.
(I've seen this in another clue)
'everything not yet paid for' is the wordplay.
'everything' becomes 'all' (all things).
'not yet paid for' becomes 'owed'.
'all'+'owed'='ALLOWED'
(Other definitions for allowed that I've seen before include "permissible" , "Legitimate" , "Permitted and granted" , "Acknowledged" , "Given permission" .)