Current company accepts unusual deal of honour (8)
I believe the answer is:
accolade
'honour' is the definition.
(synonyms)
'current company accepts unusual deal' is the wordplay.
I cannot really understand how this works, but
'current' could be 'ac' (alternating current) and 'ac' is found within the answer.
'company' could be 'co' (abbreviation) and 'co' is present in the answer.
an anagram of 'deal' is 'lade' which is located in the answer.
This accounts for all the letters.
This may be the basis of the clue (or it may be nonsense).
'of' acts as a link.
Can you help me to learn more?
(Other definitions for accolade that I've seen before include "Award, originally of knighthood" , "Praise publicly given" , "Honour, high award" , "High praise" , "Praise, honour" .)