Held place in the rush (7)
I believe the answer is:
'held' is the definition.
'place in the rush' is the wordplay.
'place' becomes 'put' (synonyms).
'in' means one lot of letters goes inside another.
'the rush' becomes 'reed' (I've seen this before).
'put' put inside 'reed' is 'REPUTED'.
(Other definitions for reputed that I've seen before include "Considered" , "Deemed" , "Alleged" , "Rumoured, reckoned" , "Generally believed (to be the case)" .)