Place in good repute (3)
I believe the answer is:
put
'place' is the definition.
('put' can be a synonym of 'place')
'in good repute' is the wordplay.
'in' indicates the answer is hidden within the clue.
'PUT' is hidden in the letters of 'good repute'.
(Other definitions for put that I've seen before include "Place in a position" , "Set (in place)" , "Place; placed" , "Place, lay" , "Place in a location" .)