The female's last to receive present (4)
I believe the answer is:
here
'present' is the definition.
('here' can be similar in meaning to 'present')
'the female's last to receive' is the wordplay.
'the female's' becomes 'her' (I've seen this before**).
'last to' suggests the final letters.
The last letter of 'receive' is 'e'.
'her'+'e'='HERE'
(Other definitions for here that I've seen before include "To hand" , "Present; I say!" , "The present location" , "In attendance" , "Present - at this point" .)