Crossword Genius

Rod shows backbone, investing 500 pounds (7)

Ross

I believe the answer is:

spindle

(Other definitions for spindle that I've seen before include "This could be with knobs on" , "Rod serving as an axis of rotation" , "Slender rod on which thread is wound" , "Pin serving as an axle" , "Rotating shaft" .)

I've seen this clue in The Sun.
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