Result of shaving beard off a furry animal (10)

I believe the answer is:
chinchilla
'furry animal' is the definition.
(I've seen this before)
'result of shaving beard off a' is the wordplay.
'result of shaving beard' becomes 'chinch' (I am not sure about this - if you are sure you should believe this answer much more).
'off' becomes 'ill'.
'chinch'+'ill'+'a'='CHINCHILLA'
Can you help me to learn more?
(Other definitions for chinchilla that I've seen before include "furry creature" , "Rabbit" , "little furry animal" , "(Fur of) a small South American rodent" , "Soft grey fur" .)
