Crossword Genius

What sank Liberal opposition after a time? (8)

Ross

I believe the answer is:

atlantis

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'what sank' is the definition.
I can't tell whether this defines the answer.

'liberal opposition after a time?' is the wordplay.
'liberal' becomes 'l' (abbreviation).
'opposition' becomes 'antis' (I've seen this in another clue).
'after' means one lot of letters go next to another.
'time?' becomes 't' (abbreviation).
'l'+'antis'='lantis'
'a'+'t'='at'
'lantis' after 'at' is 'ATLANTIS'.

Can you help me to learn more?

(Other definitions for atlantis that I've seen before include "Mythical lost land" , "In Greek legend, a beautiful island swallowed up by sea" , "Legendary island - in at last (anag)" , "Legendary vanished island - mythical place" , "Fabled sunken realm" .)

I've seen this clue in The Times.
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