Wear and tear around target (7)
I believe the answer is:
raiment
'wear' is the definition.
(raiment is a kind of wear)
'tear around target' is the wordplay.
'tear' becomes 'rent' (synonyms).
'around' indicates putting letters inside.
'target' becomes 'aim' (synonyms).
'rent' going around 'aim' is 'RAIMENT'.
'and' acts as a link.
(Other definitions for raiment that I've seen before include "Clothing (literary)" , "Traditional clothing" , "Apparel" , "Tire man (anag.)" , "Am inert (anag) - clothing" .)