Pending fund, still at the centre (5)

I believe the answer is:

until

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'pending' is the definition.
(thesaurus)

I don't understand the rest of the clue.

(Other definitions for until that I've seen before include "Up to (a point in time)" , "Unlit (anag.)" , "Before a given time" , "Up to that moment" , "As far as" .)

I've seen this clue in The Hindu.

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