What does the cryptic crossword clue "Deferral of South American allowance (10)" mean?

The wordplay uses a charade (building blocks). S (synonym="South") + US (synonym="American") + PENSION (synonym="”allowance”") = SUSPENSION The answer is SUSPENSION.

Deferral of South American allowance (10)

Guardian Cryptic #29466 | 15 Down | 2024-08-20 flower

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