What does the cryptic crossword clue "Fund band that's retrogressive (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.

Fund band that's retrogressive (4)

Telegraph Prize Cryptic #3225 | 18 Across | 2023-08-13 flower

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