Excuse accepting type for finally yielding (9)

I believe the answer is:

deference

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'yielding' is the definition.
(thesaurus)

'excuse accepting type for finally' is the wordplay.
'excuse' becomes 'defence' (I can't explain this - if you can you should give a lot more credence to this answer).
'accepting' is an insertion indicator (inserted letters are accepted).
'finally' indicates one should take the final letters.
The final letters of 'type for' are 'er'.
'defence' going around 'er' is 'DEFERENCE'.

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(Other definitions for deference that I've seen before include "Respect; submission" , "Reed fence? (anag)" , "Compliance with another's wishes, polite respect" , "honour" , "Submission to will of another" .)

I've seen this clue in The Daily Express.

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