A cheese with high standing? (7)

I believe the answer is:

stilton

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'a cheese' is the definition.
(stilton is a cheese)

I don't understand how the rest of the clue works.

(Other definitions for stilton that I've seen before include "Rich, blue-veined cheese" , "Lost tin (anag)" , "Cheese variety" , "No tilts (anag.)" , "Blue 8 across" .)

I've seen this clue in The Globe and Mail.

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