College gym by end of term in financial difficulties? (8)
I believe the answer is:
pembroke
'college' is the definition.
(I've seen this before)
'gym by end of term in financial difficulties?' is the wordplay.
'gym' becomes 'pe' (short for Physical Education).
'by' is a charade indicator (letters next to each other).
'end of' suggests the final letters.
'in financial difficulties?' becomes 'broke' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
The final letter of 'term' is 'm'.
'pe'+'m'+'broke'='PEMBROKE'
Can you help me to learn more?
(Other definitions for pembroke that I've seen before include "Oxford college; small table" , "An Ox., a Camb. college; Welsh town, castle" , "Former Welsh county" , "Two Oxbridge colleges; a shire" , "Welsh port" .)