Swag hidden in Waterloo terminus (4)

I believe the answer is:

loot

'swag' is the definition.
(I know that swag can be written as loot)

'hidden in waterloo terminus' is the wordplay.
'hidden in' indicates the answer is hidden within the clue.
'LOOT' is hidden within 'waterloo terminus'.

(Other definitions for loot that I've seen before include "rifle" , "Booty, spoils" , "Stolen goods" , "Booty; sack" , "Orton play; money" .)

I've seen this clue in the Evening Standard.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.