Word for 'skinflint' abbreviated (7)
I believe the answer is:
promise
'word' is the definition.
(I've seen this before)
'for skinflint abbreviated' is the wordplay.
'for' becomes 'pro' (as in being 'pro' something).
'skinflint' becomes 'miser' (synonyms).
'abbreviated' means to remove the last letter (the word is shortened or abbreviated).
'miser' with its final letter taken off is 'mise'.
'pro'+'mise'='PROMISE'
(Other definitions for promise that I've seen before include "Cause for hope" , "plight?" , "Assurance" , "Make a commitment" , "Potential excellence" .)