University porter next to yard (4)
I believe the answer is:
yale
'university' is the definition.
(Yale university is an example)
'porter next to yard' is the wordplay.
'porter' becomes 'ale' (I've seen this in other clues).
'next to' means one lot of letters go next to another.
'yard' becomes 'y'.
'ale' put after 'y' is 'YALE'.
(Other definitions for yale that I've seen before include "New Haven university" , "University man" , "Mass. university" , "Member of the 11 - type of lock" , "Heraldic animal" .)