Feudal superior's story -- good part recalled by child, finally (5-4)
I believe the answer is:
liege lord
'feudal superior's' is the definition.
(I've seen this before)
'story good part recalled by child finally' is the wordplay.
I cannot quite see how this works, but
'story' could be 'lie' (story can mean a fabrication) and 'lie' is found within the answer.
'good' could be 'g' (abbreviation) and 'g' is present in the answer.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Another definition for liege lord that I've seen is " Oil ledger (anag) - feudal superior".)