What does the cryptic crossword clue "Prodigal son to hang former head of state (7)" mean?

The definition is "Prodigal". The wordplay uses acrostic. S (synonym="abbreviation for son") + PEND (synonym="to hang, more often in the form “pending” = hanging") + ER (synonym="abbreviation for Elizabeth Regina , former UK head of state") = SPENDER; definition: "Prodigal" The answer is SPENDER.

Prodigal son to hang former head of state (7)

Independent Cryptic #11843 | 22 Across | 2024-09-24 flower

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