Allow older female relative time (5)

I believe the answer is:

grant

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'allow older female' is the definition.
'grant' can be an answer for 'allow' (synonyms). I am not certain of the 'older female' bit.

'relative time' is the wordplay.
'relative' becomes 'gran' (short for grandmother).
'time' becomes 't' (abbreviation).
'gran'+'t'='GRANT'

Can you help me to learn more?

(Other definitions for grant that I've seen before include "Present" , "Bestow - Ulysses S. - Cary" , "Cary, Duncan or Ulysses S?" , "Make" , "Confer" .)

I've seen this clue in The Times.

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