Player's cash St Andrews cut (4)
I believe the answer is:
rand
'cut' is the definition.
Although both the answer and definition are singular nouns, I cannot understand how they can define each other.
I can't explain the rest of the clue.
Can you help me to learn more?
(Other definitions for rand that I've seen before include "our 1/4 Across [GOLD MEDALLIST] in 1964" , "Overseas money" , "Unit of money in South Africa" , "South African currency unit" , "Monetary unit in South Africa" .)