Cash in Europe guaranteed time off (7)
I believe the answer is:
leisure
'time off' is the definition.
(I've seen this before)
'cash in europe guaranteed' is the wordplay.
'cash in europe' becomes 'lei' (Romanian currency unit).
'guaranteed' becomes 'sure' (I've seen this in other clues).
'lei'+'sure'='LEISURE'
(Other definitions for leisure that I've seen before include "Spare time" , "R&R" , "Time away from work" , "casual wear" , "Time available for ease and relaxation" .)