Crossword Genius

Ten trusted names produce simplifications (15)

Ross

I believe the answer is:

understatements

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'simplifications' is the definition.
Although both the answer and definition are plural nouns, I can't understand how one could define the other.

'ten trusted names produce' is the wordplay.
'produce' indicates anagramming the letters.
'ten'+'trusted'+'names'='tentrustednames'
'tentrustednames' with letters rearranged gives 'UNDERSTATEMENTS'.

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I've seen this clue in the Sydney Morning Herald.
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