Organised medal or title (7)
I believe the answer is:
earldom
'title' is the definition.
(title or rank of an earl)
'organised medal or' is the wordplay.
'organised' is an anagram indicator.
'medal'+'or'='medalor'
'medalor' is an anagram of 'EARLDOM'.
(Other definitions for earldom that I've seen before include "Title or estates of a nobleman" , "Peer's rank" , "Aristocratic rank or title" , "Nobleman's estate" , "Dignity" .)