Places lots might go in suits around university (8)
I believe the answer is:
auctions
'places lots might go' is the definition.
I can't tell whether this definition defines the answer.
'suits around university' is the wordplay.
'suits' becomes 'actions' ('action' can be a synonym of 'suit').
'around' means one lot of letters goes inside another.
'university' becomes 'U' (abbreviation for university).
'actions' placed around 'u' is 'AUCTIONS'.
'in' is the link.
Can you help me to learn more?
(Other definitions for auctions that I've seen before include "Cautions about public sales" , "Public sales to the highest bidders" .)