Crossword Genius

Recalled Bill's privileged start in life? (4)

Ross

I believe the answer is:

eton

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'recalled bill's privileged start in life?' is the definition.
I can't tell whether this defines the answer.

'recalled bill's' is the wordplay.
'recalled' says the letters should be written backwards (to recall can mean to bring something back).
'bill' becomes 'note' (bank note).
'note' backwards is 'ETON'.

Can you help me to learn more?

(Other definitions for eton that I've seen before include "Collar - crop - jacket - school" , "Berkshire town" , "British public school of note" , "College in Berkshire" , "Public school founded in 1440" .)

I've seen this clue in The Independent.
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