University recently adopting shortened term? Finally (10)
I believe the answer is:
ultimately
'finally' is the definition.
(I know that finally can be written as ultimately)
'university recently adopting shortened term?' is the wordplay.
'university' becomes 'u' (abbreviation for university).
'recently' becomes 'lately' (synonyms).
'adopting' is an insertion indicator (inserted letters are taken on or adopted).
'shortened term?' becomes 'tim' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'lately' placed around 'tim' is 'ltimately'.
'u'+'ltimately'='ULTIMATELY'
Can you help me to learn more?
(Another definition for ultimately that I've seen is " In the long run".)