Section in contract withdrawn (7)
I believe the answer is:
debited
'withdrawn' is the definition.
The answer and definition can be both to do with ownership as well as being past participle verbs.
Perhaps there's an association between them I don't understand?
'section in contract' is the wordplay.
'section' becomes 'bit' (both can mean part).
'in' is an insertion indicator.
'contract' becomes 'deed' (I've seen this in another clue).
'bit' inserted into 'deed' is 'DEBITED'.
Can you help me to learn more?
(Other definitions for debited that I've seen before include "Taken from an account" , "recorded in account" , "Deducted" .)