Crossword Genius

Type of mortgage Mo and Ned went to arrange (9)

Ross

I believe the answer is:

endowment

'type of mortgage' is the definition.
(I've seen this before)

'mo and ned went to arrange' is the wordplay.
'and' is a charade indicator (letters next to each other) (I've seen this in other clues).
'to arrange' indicates an anagram.
'ned'+'went'='nedwent'
'mo' put after 'nedwent' is 'nedwentmo'.
'nedwentmo' with letters rearranged gives 'ENDOWMENT'.

(Other definitions for endowment that I've seen before include "Contract" , "Personal quality - type of mortgage" , "(Income from) testamentary provision" , "Grant" , "source of income" .)

I've seen this clue in The Times.
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