### Clue: Hang American upside down next to shed (7)
### Answer: SUSPEND 
 ### Explanation: Definition: Hang
 **Reversal of**(upside down, in a down clue) US(abbrev. for things American) **placed above**(next to, in a down clue) SPEND(to consume;to give out or up;to shed, as in "to spend/shed one's goodwill on …" – though I'm a little uncertain about "spend"="shed").