Live on edge (6)

I believe the answer is:

reside

'live' is the definition.
(residing is a kind of living)

'on edge' is the wordplay.
'on' becomes 're' ('on' can be mean 'with reference to').
'edge' becomes 'side' (edge can mean the side of something).
're'+'side'='RESIDE'

(Other definitions for reside that I've seen before include "Occupy a place" , "Live in permanently" , "Dwell, be present (in)" , "Lodge" , "Live (at an address)" .)

I've seen this clue in The Times, The Independent, The Guardian, The Sun and The Telegraph.

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