President Woods, a golfer, lost final standing (8)
I believe the answer is:
prestige
'standing' is the definition.
(prestige is a kind of standing)
I can't explain the remainder of the clue.
Can you help me to learn more?
(Other definitions for prestige that I've seen before include "[GLAMOUR]" , "Distinction or high reputation" , "Standing in the community, status" , "Widespread respect for high quality" , "Highly-regarded" .)