Crossword Genius

Knight concerned with clairvoyant reportedly seeking no financial gain (9)

Ross

I believe the answer is:

nonprofit

I'm a little stuck... Click here to teach me more about this clue!

'knight concerned with clairvoyant reportedly' is the definition.
I can't judge whether this defines the answer.

'no financial gain' is the wordplay.
'no' becomes 'non' (I've seen this in other clues).
'financial gain' becomes 'profit' (profit is a kind of financial gain).
'non'+'profit'='NONPROFIT'

'seeking' acts as a link.

Can you help me to learn more?

(Another definition for nonprofit that I've seen is " Nothing to gain by it!".)

I've seen this clue in The Times.
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