University prepared to be stretched, having disposed of latest device (7)
I believe the answer is:
utensil
'device' is the definition.
(thesaurus)
I don't understand the rest of the clue.
Can you help me to learn more?
(Other definitions for utensil that I've seen before include "Implement, maybe in kitchen" , "A container for kitchen use" , "A tool for household use" , "knife, maybe" , "Can opener, for example" .)