Crossword Genius

Tightwad gives two grand to stand in the rain and raise the dead (7)

Ross

I believe the answer is:

niggard

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'tightwad' is the definition.
(synonyms)

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for niggard that I've seen before include "Grading? (Anag)" , "Scrooge" , "Stingy type" , "Mean, stingy person" , "Mean type" .)

I've seen this clue in the Sydney Morning Herald.
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