Lower quarters for yachting week (5)

I believe the answer is:

cowes

I'm a little stuck... Click here to teach me more about this clue!

'for yachting week' is the definition.
I can't judge whether this defines the answer.

'lower quarters' is the wordplay.
'lower' becomes 'cow' (something which lows - makes cow sounds).
'quarters' becomes 'es'.
'cow'+'es'='COWES'

Can you help me to learn more?

(Other definitions for cowes that I've seen before include "English town?" , "where regatta happens" , "IOW regatta venue" , "Isle of Wight regatta town" , "IOW regatta town" .)

I've seen this clue in The Telegraph.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.