Month cut short on cold island (5)

I believe the answer is:

capri

I'm a little stuck... Click here to teach me more about this clue!

'island' is the definition.
(Italian island)

'month cut short on cold' is the wordplay.
'month' becomes 'Apr' (abbreviation for April).
'cut short' means to remove the last letter.
'on' indicates putting letters inside.
'cold' becomes 'cri' (I can't explain this - if you can you should believe this answer much more).
'apr' with its final letter taken off is 'ap'.
'ap' placed into 'cri' is 'CAPRI'.

Can you help me to learn more?

(Other definitions for capri that I've seen before include "Old Ford model - Italian island" , "Island off Italy" , "Tourist destination" , "Island in the Gulf of Naples" , "popular resort" .)

I've seen this clue in the Financial Times.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.