Crossword Genius

Money lost in strike location (4)

Ross

I believe the answer is:

site

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'location' is the definition.
(site is a kind of location)

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for site that I've seen before include "Position for the building sounds visual" , "Building plot" , "Locate, position" , "Situation (of a building)" , "internet location" .)

I've seen this clue in The Independent.
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