Crossword Genius

Presidential allowance? (5)

Ross

I believe the answer is:

grant

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'allowance?' is the definition.
(both can mean money given to someone)

I can't explain the rest of the clue.

Can you help me to learn more?

(Other definitions for grant that I've seen before include "Present" , "Monetary aid" , "Formally give (a right)" , "Bestow; bursary" , "cash received" .)

I've seen this clue in the Evening Standard.
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