Graduate cut into amount remaining (7)
I believe the answer is:
balance
'amount remaining' is the definition.
I can't tell whether this defines the answer.
'graduate cut' is the wordplay.
'graduate' becomes 'BA' (someone with a Bachelor of Arts degree).
'cut' becomes 'lance' (I've seen this before).
'ba'+'lance'='BALANCE'
'into' acts as a link.
Can you help me to learn more?
(Other definitions for balance that I've seen before include "Rest" , "Poise" , "A steady position as on scales" , "Weighing apparatus" , "Surplus" .)