What does the cryptic crossword clue "Pound payment up front: squander and be unhappy (4,4)" mean?

The definition is "be unhappy". The wordplay uses a charade (building blocks). FEE (synonym="payment") + L (synonym="short for Latin 'libra', "pound"") + BLUE (synonym="BLUE") = FEELBLUE; definition: "be unhappy" The answer is FEELBLUE.

Pound payment up front: squander and be unhappy (4,4)

Guardian Cryptic #29047 | 15 Down | 2023-04-18 flower

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