Crossword Genius

Dipping into finances to repay grandpa? (8)

Ross

I believe the answer is:

ancestor

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'dipping into finances to repay grandpa?' is the definition.
I can't judge whether this definition defines the answer.

'into finances to repay grandpa?' is the wordplay.
'into' indicates the answer is hidden within the clue.
'ANCESTOR' can be found hidden inside 'finances to repay grandpa'.

Can you help me to learn more?

(Other definitions for ancestor that I've seen before include "Forefather" , "One of one's forebears" , "Enactors (anag)" , "not being of the modern generation" , "Person from whom one is descended" .)

I've seen this clue in The Independent.
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