Advance fruit - glorious (7)
I believe the answer is:
sublime
'glorious' is the definition.
(similar in meaning)
'advance fruit' is the wordplay.
'advance' becomes 'sub' (both can mean a loan).
'fruit' becomes 'lime' (lime is a kind of fruit).
'sub'+'lime'='SUBLIME'
(Other definitions for sublime that I've seen before include "Magnificent" , "Exalted, lofty" , "Of the most exalted or noble kind" , "Glorious; supreme" , "Unparalleled, extreme" .)