Bloody itinerary reviewed leg (4)

I believe the answer is:

rare

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'bloody' is the definition.
(I know that bloody can be written as rare)

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

Can you help me to learn more?

(Other definitions for rare that I've seen before include "Exceptional" , "Infrequent; remarkable" , "Very scarce, hardly cooked" , "little done?" , "Choice - lightly cooked - thin" .)

I've seen this clue in the Sydney Morning Herald.

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