Crossword Genius

Present final Loose Women on time (9)

Ross

I believe the answer is:

endowment

'present' is the definition.
(thesaurus)

'final loose women on time' is the wordplay.
'final' becomes 'end' ('end' can be a synonym of 'final'**).
'loose' indicates anagramming the letters (letters are loosened from their original positions).
'on' means one lot of letters goes inside another (as in clothing \'on\' a person).
'time' becomes 't'.
'women' is an anagram of 'owmen'.
'end' put inside 'owmen' is 'endowmen'.
'endowmen'+'t'='ENDOWMENT'

(Other definitions for endowment that I've seen before include "Natural talent -- won't emend (anag)" , "Gift to an institution" , "A bequest of funding" , "Personal quality - type of mortgage" , "source of income" .)

I've seen this clue in The Independent.
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