Crossword Genius

Old instrument that thief makes off with reportedly? (4)

Ross

I believe the answer is:

lute

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'old instrument' is the definition.
(I've seen this in another clue)

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

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(Other definitions for lute that I've seen before include "Old musical instrument" , "clay" , "Old stringed instrument with a pear-shaped body" , "Plucked instrument; a sealant" , "Ancient stringed instrument" .)

I've seen this clue in The Telegraph.
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