Crossword Genius

Report of singular advance (4)

Ross

I believe the answer is:

loan

'advance' is the definition.
(an advance is a loan)

'report of singular' is the wordplay.
'report of' indicates a 'sounds like' (homophone) clue.
'singular' becomes 'lone' (I've seen this in another clue).
'lone' is a homophone of 'LOAN'.

(Other definitions for loan that I've seen before include "temporary payment" , "Mortgage" , "Cash advance" , "Money borrowed; lend" , "Act of lending" .)

I've seen this clue in The Times.
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