Crossword Genius

Some in government ran checks on funding instalment (7)

Ross

I believe the answer is:

tranche

I'm a little stuck... Click here to teach me more about this clue!

'funding instalment' is the definition.
'tranche' can be an answer for 'instalment' (I've seen this before). I am not certain of the 'funding' bit.

'some in government ran checks' is the wordplay.
'some in' indicates a hidden word.
'TRANCHE' is hidden within 'government ran checks'.

'on' acts as a link.

Can you help me to learn more?

(Other definitions for tranche that I've seen before include "Measure" , "Instalment of e.g. loan" , "Share -- chanter (anag)" , "batch supplied" , "Chanter gives up portion of income" .)

I've seen this clue in The Independent.
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