An element of distinction (3)
I believe the answer is:
tin
'an element' is the definition.
(tin is a kind of element)
'of distinction' is the wordplay.
'of' indicates a hidden word.
'TIN' is hidden within 'distinction'.
(Other definitions for tin that I've seen before include "Silvery-white metallic element" , "Silver-white metal, used to make cans" , "Money" , "Silvery-white metal used in cans" , "A silvery-white metal often in cans" .)