New respect for spirit (7)
I believe the answer is:
spectre
'spirit' is the definition.
(I've seen this before)
'new respect' is the wordplay.
'new' is an anagram indicator.
'respect' with letters rearranged gives 'SPECTRE'.
'for' acts as a link.
(Other definitions for spectre that I've seen before include "Respect for a ghost" , "Sceptre (anag.)" , "something seen as a threat" , "after-image?" , "Wraith" .)