What does the cryptic crossword clue "About to get promoted within institution hosting company on that account (7)" mean?

The definition is "on that account". The wordplay uses a container (one word inside another). RE (synonym="RE") in THEAT (synonym="RE") = THEREAT; definition: "on that account" The answer is THEREAT.

About to get promoted within institution hosting company on that account (7)

Times Cryptic #28955 | 3 Down | 2024-06-28 flower

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