Swap corded cloth with finer material (7)
I believe the answer is:
replace
'swap' is the definition.
The answer and definition can be both to do with ownership as well as being verbs in their base form.
Maybe they are linked in a way I don't understand?
'corded cloth with finer material' is the wordplay.
'corded cloth' becomes 'rep' (I've seen this before).
'with' means one lot of letters go next to another.
'finer material' becomes 'lace' (lace is a kind of material. I am not sure about the 'finer' bit.).
'rep'+'lace'='REPLACE'
Can you help me to learn more?
(Other definitions for replace that I've seen before include "Put something back where it belongs" , "Provide a substitute for" , "Substitute, supersede" , "Put back where you found it" , "Substitute for (someone)" .)