What does the cryptic crossword clue "Lay out papers, receiving pound: great! (8)" 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.

Lay out papers, receiving pound: great! (8)

Times Cryptic #28975 | 1 Across | 2024-07-22

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

SP(L)END + I.D.

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