Crossword Genius

Mark pursues only award (5)

Ross

I believe the answer is:

oscar

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'award' is the definition.
(Academy Award)

'mark pursues only' is the wordplay.
'mark' becomes 'scar' (mark left by an injury).
'pursues' is a charade indicator (letters next to each other).
'only' becomes 'o' (this could be a standard abbreviation I've not previously seen).
'scar' after 'o' is 'OSCAR'.

Can you help me to learn more?

(Other definitions for oscar that I've seen before include "academy's prize" , "Award by the Academy of Motion Picture Arts and Sciences" , "US film award" , "Code word for O" , "Film prize" .)

I've seen this clue in The Mirror.
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