Crossword Genius

Protection from turbulent bull market — almost losing grand (8)

Ross

I believe the answer is:

umbrella

'protection' is the definition.
(an umbrella protects someone from the rain)

I don't understand how the rest of the clue works.

(Other definitions for umbrella that I've seen before include "Cover against the elements" , "Portable ribbed canopy as rain shelter" , "Lure lamb under it in the rain" , "Portable, protective canopy" , "For protection against the elements" .)

I've seen this clue in The Guardian.
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