Crossword Genius

The consequences of having property? (7)

Ross

I believe the answer is:

effects

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'the consequences' is the definition.
('effect' can be a synonym of 'consequence')

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for effects that I've seen before include "Personal property - results" , "Personal belongings" , "Impressions produced, or property" , "Total possessions" , "forces" .)

I've seen this clue in The Irish News.
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