Crossword Genius

Harry loves New York, touring clubs in sound financial state (8)

Ross

I believe the answer is:

solvency

I'm a little stuck... Click here to teach me more about this clue!

'sound financial state' is the definition.
'solvency' can be an answer for 'state' (solvency is a kind of state). I'm unsure of the 'sound financial' bit.

'harry loves new york touring clubs' is the wordplay.
'harry' is an anagram indicator (harry can mean to attack or spoil).
'new york' becomes 'ny'.
'touring' is an insertion indicator (touring can mean going round).
'clubs' becomes 'c' (abbreviation used in card games such as bridge).
'ny' placed around 'c' is 'ncy'.
'loves' anagrammed gives 'solve'.
'solve'+'ncy'='SOLVENCY'

'in' is the link.

Can you help me to learn more?

(Other definitions for solvency that I've seen before include "State of having enough money to discharge debts" , "State of having adequate assets to meet liabilities" , "Ability to pay all debts" , "Unindebtedness" , "Ability to meet financial obligations" .)

I've seen this clue in The Daily Mail.
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