Crossword Genius

Forbid taking krone raised by head of trust that's insolvent (8)

Ross

I believe the answer is:

bankrupt

'insolvent' is the definition.
('bankrupt' can be similar in meaning to 'insolvent')

'forbid taking krone raised by head of trust' is the wordplay.
'forbid' becomes 'ban' (banning is a kind of forbiding).
'taking krone' becomes 'kr' (abbreviation for the currency. I am not sure about the 'taking' bit.**).
'raised' becomes 'up' ('up' can be similar in meaning to 'raised').
'by' is a charade indicator (letters next to each other).
'head of' indicates taking the first letters.
The initial letter of 'trust' is 't'.
'ban'+'kr'+'up'+'t'='BANKRUPT'

'that's' is the link.

(Other definitions for bankrupt that I've seen before include "Broke" , "Skint" , "Gone bust in business" , "Failed" , "Financially ruined" .)

I've seen this clue in The Guardian.
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