See smarty pants in comfortable contract (4,5)

I believe the answer is:

easy terms

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'comfortable contract' is the definition.
I know nothing about this answer so I cannot judge whether this works.

'see smarty pants' is the wordplay.
'pants' indicates an anagram (UK informal term for 'nonsense' or 'rubbish').
'see'+'smarty'='seesmarty'
'seesmarty' anagrammed gives 'EASY TERMS'.

'in' acts as a link.

Can you help me to learn more?

(Other definitions for easy terms that I've seen before include "affordable payments?" , "popular with students, no doubt" , "words not hard to understand?" , "Yes, master (anag.)" , "financial incentives" .)

I've seen this clue in The Independent.

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