What does the cryptic crossword clue "Lot of money assigned to musical composition (7)" 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.

Lot of money assigned to musical composition (7)

Telegraph Prize Cryptic #3208 | 21 Down | 2023-04-16 flower

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