What does the cryptic crossword clue "Penny has licence to provide bromide (9)" mean?

The definition is "bromide". The wordplay uses a charade (building blocks). P (abbreviation="Penny") + LATITUDE (synonym="licence") = PLATITUDE; definition: "bromide" The answer is PLATITUDE.

Penny has licence to provide bromide (9)

Guardian Cryptic #27616 | 10 Across | 2018-09-17 flower

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