Crossword Genius

Own a former European currency - Italian? (5)

Ross

I believe the answer is:

admit

I'm a little stuck... Click here to teach me more about this clue!

'own' is the definition.
(thesaurus)

'a former european currency italian?' is the wordplay.
'a former european currency' becomes 'adm' (I can't justify this - if you can you should give a lot more credence to this answer).
'italian?' becomes 'it'.
'adm'+'it'='ADMIT'

Can you help me to learn more?

(Other definitions for admit that I've seen before include "Allow entry" , "Confess and permit entrance" , "Take on" , "Provide student with place" , "Accept" .)

I've seen this clue in The Independent.
Want a hint initially instead of a full solution? Install my app