Land for each university (4)
I believe the answer is:
peru
'land' is the definition.
(Peru is a country)
'each university' is the wordplay.
'each' becomes 'per' ('per' can mean for each).
'university' becomes 'u' (abbreviation for university).
'per'+'u'='PERU'
'for' acts as a link.
(Other definitions for peru that I've seen before include "Land of the Incas" , "Mario Vargas Llosa's native land" , "Machu Picchu country" , "Homeland of Paddington Bear" , "Paddington Bear's country of birth" .)