Receive honour after cycling speed trial (7)
I believe the answer is:
embrace
'receive' is the definition.
(thesaurus)
'honour after cycling speed trial' is the wordplay.
I cannot quite see how this works, but
'honour' could be 'mb' (MB is an example) and 'mb' is found within the answer.
'speed' could be 'race' (synonyms) and 'race' is found within the answer.
A single letter 'e' remains which might be clued in a way I don't see.
This may be the basis of clue (or it may be nonsense).
(Other definitions for embrace that I've seen before include "Include - hug" , "Enfold affectionately in arms" , "willingly take" , "bear-hug?" , "squeeze" .)