Danger spelled for the Italian (5)

I believe the answer is:

peril

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'danger' is the definition.
(peril is a kind of danger)

'spelled for the italian' is the wordplay.
'spelled for' becomes 'per' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'the italian' becomes 'il' ('the' in Italian).
'per'+'il'='PERIL'

Can you help me to learn more?

(Other definitions for peril that I've seen before include "risk" , "Source of danger" , "Great danger" , "Danger of serious kind" , "Danger, jeopardy" .)

I've seen this clue in The Irish Times.

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