The most common and most likely answer to this crossword clue is the 5 letter word PURSE
I've seen this crossword clue in Financial Times
P
U
R
S
E
More clues leading to the result PURSE
- Contract for sporting prize
- Shilling carried in simple bag
- Navy officer’s nicked bag
- Son splitting total prize money
- Contract is in wallet
- Prize soprano that’s all-round wholesome!
- Contract bridge player wears white
- Prize money unaffected, favourites in the end entered
- Money put into academic funds
- Design super handbag for American girl
Buddy explains!

The straight part
We know that "Money/academic funds" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case money/academic funds = purse.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does PURSE mean?
PURSE noun- A small bag for carrying money.
- A handbag (small bag usually used by women for carrying various small personal items)
- A quantity of money given for a particular purpose.
- A specific sum of money in certain countries: formerly 500 piastres in Turkey or 50 tomans in Persia.
- To press (one's lips) in and together so that they protrude.
- To draw up or contract into folds or wrinkles; to pucker; to knit.
- To put into a purse.
- To steal purses; to rob.