Crossword Genius

She may be fortunate to lose £1,000 (4)

Ross

I believe the answer is:

lucy

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'she' is the definition.

I don't understand the remainder of the clue.

Can you help me to learn more?

(Other definitions for lucy that I've seen before include "-- Locket, nursery rhyme" , "- in the Sky with Diamonds (The Beatles)" , "Ms Locket?" .)

I've seen this clue in The Telegraph.
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