Loud, wild canine Old Penny paid for (8)
I believe the answer is:
financed
'paid for' is the definition.
(I've seen this before)
'loud wild canine old penny' is the wordplay.
'loud' becomes 'f' (A musical term).
'wild' indicates anagramming the letters.
'old penny' becomes 'd'.
'canine' with letters rearranged gives 'inance'.
'f'+'inance'+'d'='FINANCED'
(Other definitions for financed that I've seen before include "Provided cash" , "Put up the money for" , "Paid for" , "Gave the necessaryfunds for" , "Provided the money for" .)