Having a bit of money, he was executed (3)

I believe the answer is:

ney

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'he was executed' is the definition.
The definition suggests a singular noun which matches the answer.

'having a bit of money' is the wordplay.
'NEY' is hidden within the letters.
However, I am unsure how the hidden word is indicated.

Can you help me to learn more?

(Other definitions for ney that I've seen before include "French soldier" , "One of Napoleon's marshals" , "French marshal sound negitative" .)

I've seen this clue in the Evening Standard.

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