What does the cryptic crossword clue "Economic collapse wiping out Republican money (4)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Economic collapse wiping out Republican money (4)

Times Cryptic #28561 | 1 Down | 2023-03-27

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I haven't cracked this one yet — but the brilliant team at Times for the Times have:

CRASH minus its R

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