Grease protecting a bit of security rope? (7)
I believe the answer is:
lanyard
'rope?' is the definition.
(I've seen this before)
'grease protecting a bit of security' is the wordplay.
'grease' becomes 'lard' (I've seen this in another clue).
'protecting' is an insertion indicator (inserted letters are held or protected).
'a bit of security' becomes 'any' (I can't explain this - if you can you should believe this answer much more).
'lard' going around 'any' is 'LANYARD'.
Can you help me to learn more?
(Other definitions for lanyard that I've seen before include "Part of rigging" , "Cord worn around the neck by Boy Scout" , "Nautical rope" , "Cord with whistle attached" , "Line for extending or fastening ship's rigging" .)