Neighbourhood cut in four (7)
I believe the answer is:
quarter
I believe this is a double definition.
'neighbourhood' is the first definition.
(I've seen this before)
'cut in four' is the second definition.
(I've seen this before)
(Other definitions for quarter that I've seen before include "three months" , "Town district" , "Twenty-five cents" , "US coin" , "A fourth - city district" .)