Crossword Genius

Contraction of insanity intermittently observed (4)

Ross

I believe the answer is:

isnt

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'contraction' is the definition.
Both the answer and definition are singular nouns.
Maybe they are linked in a way I don't understand?

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for isnt that I've seen before include "Ain't" , "Tins (anag.)" , "Is not (abbrev.)" , "When abridged, has none of the quality of" , "Does not happen to be" .)

I've seen this clue in The Independent.
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