Wiped out when owing money? (5)
I believe the answer is:
rased
'wiped out when owing money?' is the definition.
Although both the answer and definition are past participle verbs, I cannot see how they can define each other.
'wiped out when' is the wordplay.
'wiped' becomes 'erased' (I've seen this in another clue).
'out' is a deletion indicator.
'when' becomes 'e' (I've seen this in other clues).
'erased' with 'e' removed is 'RASED'.
Can you help me to learn more?
(Other definitions for rased that I've seen before include "Flattened to the ground" , "Levelled to the ground" , "totally devastated" , "Destroyed, tore down to the ground" , "brought low" .)