Tale of a hill in the outskirts of Surrey (5)
I believe the answer is:
story
'tale' is the definition.
(synonyms)
'a hill in the outskirts of surrey' is the wordplay.
'a hill' becomes 'tor' (tor is a kind of hill).
'in' is an insertion indicator.
'the outskirts of' says to hollow out the word (remove centre letters).
'surrey' with its centre taken out is 'sy'.
'tor' inserted within 'sy' is 'STORY'.
'of' acts as a link.
(Other definitions for story that I've seen before include "Account, tale" , "Anecdote" , "Narration" , "See 10 and 19" , "Narrative or account" .)