Bow made of wood, initially pound off (4)
I believe the answer is:
arch
'bow' is the definition.
(thesaurus)
I can't explain the remainder of the clue.
(Other definitions for arch that I've seen before include "Curve that spans an opening" , "Curve of the foot" , "Affectedly playful (4)" , "Inner side of foot" , "Mischievous - curve" .)