Island where the chief needs a bit of cash (7)
I believe the answer is:
majorca
'island' is the definition.
(I've seen this before)
'the chief needs a bit of cash' is the wordplay.
'the chief' becomes 'major' (I've seen this in another clue).
'needs' means one lot of letters go next to another.
'a bit of cash' becomes 'ca' (I can't justify this - if you can you should believe this answer much more).
'major'+'ca'='MAJORCA'
'where' acts as a link.
Can you help me to learn more?
(Other definitions for majorca that I've seen before include "Largest of the Balearic Islands" , "Palma its capital" , "Mediterranean island" , "Holiday island" , "holiday destination ..." .)