Crossword Genius

Behead mollusc for pound (4)

Ross

I believe the answer is:

quid

'for pound' is the definition.
(UK slang for a pound)

'behead mollusc' is the wordplay.
'behead' means to remove the first letter (I've seen 'beheading' mean this).
'mollusc' becomes 'squid' (squid is a kind of mollusc).
'squid' with its initial letter removed is 'QUID'.

(Other definitions for quid that I've seen before include "Pound (sl.)" , "Pound (colloq.)" , "Pound (informal)" , "bit of bread" , "100p (slang)" .)

I've seen this clue in The Telegraph.
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