Clothing torn around end (7)
I believe the answer is:
raiment
'clothing' is the definition.
(raiment is a kind of clothing)
'torn around end' is the wordplay.
'torn' becomes 'rent' (synonyms).
'around' is an insertion indicator.
'end' becomes 'aim' (both can mean a purpose or goal).
'rent' placed around 'aim' is 'RAIMENT'.
(Other definitions for raiment that I've seen before include "these garments are old-fashioned" , "Clothing (archaic)" , "investment" , "Tire man (anag.)" , "Garment" .)