Bow set off present (6)

I believe the answer is:

bestow

'present' is the definition.
(bestowing is a kind of presenting)

'bow set off' is the wordplay.
'off' indicates anagramming the letters.
'bow'+'set'='bowset'
'bowset' anagrammed gives 'BESTOW'.

(Other definitions for bestow that I've seen before include "Confer, donate" , "Set bow to give" , "Grant" , "Award, present as a gift" , "'Confer, present (6)'" .)

I've seen this clue in The Irish Independent.

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