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Leaf initially changing daily, covering top of pond? (4,3)

Ross

I believe the answer is:

lily pad

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'leaf initially changing daily covering top of pond?' is the definition.
'lily pad' can be an answer for 'leaf' (I've seen this before). I am unsure of the 'initially changing daily covering top of pond?' bit.

'leaf initially changing daily covering top of pond?' is the wordplay.
'initially' says to take the initial letters.
'changing' indicates an anagram.
'covering' means one lot of letters goes inside another.
'top of' indicates taking the first letters.
The initial letter of 'leaf' is 'l'.
The first letter of 'pond' is 'p'.
'daily' with letters rearranged gives 'ilyad'.
'ilyad' enclosing 'p' is 'ilypad'.
'l'+'ilypad'='LILY PAD'

Can you help me to learn more?

(Other definitions for lily pad that I've seen before include "Leaf floating on water" , "Frog's floating home?" , "Frog's floating support?" , "Frog's perch in lake" , "Water feature of floating leaves" .)

I've seen this clue in The Times.
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