Paunch good in Germany (3)
I believe the answer is:
gut
'paunch' is the definition.
(I've seen this before)
'good in germany' is the wordplay.
'good' becomes 'g' (abbreviation).
'in germany' becomes 'ut' (I am not sure about this - if you are sure you should believe this answer much more).
'g'+'ut'='GUT'
Can you help me to learn more?
(Other definitions for gut that I've seen before include "Empty" , "Remove innards from" , "Paunch" , "The stuff of a violin string" , "Material for violins" .)