Zero raised in cash (3)

I believe the answer is:

nil

'zero' is the definition.
(synonyms)

'raised in cash' is the wordplay.
'raised' is a reversal indicator (going up in a down clue).
'cash' becomes 'l' (The pound sterling symbol is an elaborate L).
'in' reversed gives 'ni'.
'ni'+'l'='NIL'

(Other definitions for nil that I've seen before include "none" , "You get nothing" , "Latin zero" , "Lacking value" , "Nothing, zilch" .)

I've seen this clue in the Evening Standard.

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