Mr Lido correctly addressing the knighted guy (6)

I believe the answer is:

milord

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'addressing the knighted guy' is the definition.
I can't judge whether this definition defines the answer.

'mr lido correctly' is the wordplay.
'correctly' indicates an anagram.
'mr'+'lido'='mrlido'
'mrlido' with letters rearranged gives 'MILORD'.

Can you help me to learn more?

(Other definitions for milord that I've seen before include "Sir" , "English nobleman (hist.)" , "Aristocratic address" , "An English gentleman" , "Eng. gentleman, for French" .)

I've seen this clue in the Sydney Morning Herald.

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