Victor's in profit, nominally (5)

I believe the answer is:

gavin

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'victor's in profit nominally' is the definition.
I can't tell whether this definition defines the answer.

'victor's in profit' is the wordplay.
'victor' becomes 'V' (phonetic alphabet: alpha, bravo, charlie etc.).
'in' indicates putting letters inside.
'profit' becomes 'gain' (synonyms).
'v' placed into 'gain' is 'GAVIN'.

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I've seen this clue in the Evening Standard.

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