Crossword Genius

High-flying American working party in credit (6)

Ross

I believe the answer is:

condor

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'high-flying american' is the definition.
Although both the answer and definition are singular nouns, I don't understand how they can define each other.

'working party in credit' is the wordplay.
'working' becomes 'on' (e.g. a machine is working or on).
'party' becomes 'do' (do is a kind of party).
'in' is an insertion indicator.
'credit' becomes 'cr' (abbreviation).
'on'+'do'='ondo'
'ondo' inserted inside 'cr' is 'CONDOR'.

Can you help me to learn more?

(Other definitions for condor that I've seen before include "Andean bird" , "Largest New World vulture" , "Large bird of prey" , "Large vulture of S America" , "South American vulture" .)

I've seen this clue in The Times.
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