Crossword Genius

Money frequently means a high situation (4)

Ross

I believe the answer is:

loft

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'a high situation' is the definition.
Although both the answer and definition are singular nouns, I don't understand how one could define the other.

'money frequently' is the wordplay.
'money' becomes 'l' (L can mean 'pounds').
'frequently' becomes 'oft' (synonyms).
'l'+'oft'='LOFT'

'means' is the link.

Can you help me to learn more?

(Other definitions for loft that I've seen before include "Roof space area" , "Sky" , "Space inside a roof" , "Hit (a ball) high" , "Open space at the top of a building" .)

I've seen this clue in the Evening Standard.
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