What does the cryptic crossword clue "Obsessive chasing money ring (8)" mean?

The definition is "ring". The wordplay uses a charade (building blocks). DOUGH (synonym="money") + NUT (synonym="obsessive") = DOUGHNUT; definition: "ring" The answer is DOUGHNUT.

Obsessive chasing money ring (8)

Times Cryptic #28600 | 18 Down | 2023-05-11 flower

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