Crossword Genius

Understanding what the present is? (9)

Ross

I believe the answer is:

forgiving

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'understanding' is the definition.

I don't understand the remainder of the clue.

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(Other definitions for forgiving that I've seen before include "Lenient" , "Ready to excuse" , "Excusing" , "Giving pardon" , "Pardoning" .)

I've seen this clue in The Times.
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