Equipment belonging to baker trying to get a rise, but short of time, on peg (7,3)
I believe the answer is:
rolling pin
'equipment belonging to baker trying to get a rise but' is the definition.
I can't tell whether this definition defines the answer.
'of time on peg' is the wordplay.
'of time' becomes 'rolling' (I am not sure about this - if you are sure you should believe this answer much more).
'on' says to put letters next to each other.
'peg' becomes 'pin' (synonyms).
'rolling'+'pin'='ROLLING-PIN'
'short' acts as a link.
Can you help me to learn more?
(Other definitions for rolling pin that I've seen before include "kitchen item found" , "Baker's tool" , "Baking aid" , "Pastry flattener" , "Kitchen implement" .)