What does the cryptic crossword clue "Money annually applied to create satellite (6)" mean?

The definition is "satellite". The wordplay uses a charade (building blocks). EURO (synonym="EURO") + PA (synonym="per annum, annually") = EUROPA; definition: "satellite" The answer is EUROPA.

Money annually applied to create satellite (6)

Guardian Cryptic #29509 | 6 Down | 2024-10-09 flower

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