Young lady dismissed to lose an opportunity (4,3)

I believe the answer is:

miss out

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'lose an opportunity' is the definition.
I can't judge whether this definition defines the answer.

'young lady dismissed' is the wordplay.
'young lady' becomes 'miss' (term of address for a young woman).
'dismissed' becomes 'out' (dismissed in cricket).
'miss'+'out'='MISS OUT'

'to' is the link.

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(Another definition for miss out that I've seen is " Omit".)

I've seen this clue in the Sydney Morning Herald.

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