Rank duty, inspecting top bear (4,5)

I believe the answer is:

taxi stand

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'rank' is the definition.
I know nothing about this answer so I can't tell whether it can be defined by this definition.

'duty inspecting top bear' is the wordplay.
'duty' becomes 'tax' (I've seen this in another clue).
'top' says to take the initial letters.
'bear' becomes 'stand' (synonyms).
The initial letter of 'inspecting' is 'i'.
'tax'+'i'+'stand'='TAXI STAND'

Can you help me to learn more?

(Other definitions for taxi stand that I've seen before include "American cab rank" , "drivers available here" , "ITEM IN URBAN LANDSCAPE ?" .)

I've seen this clue in The Daily Express.

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