Crossword Genius

Target ring where victor lost his head (5)

Ross

I believe the answer is:

inner

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'target' is the definition.
(I've seen this before)

I don't understand the remainder of the clue.

Can you help me to learn more?

(Other definitions for inner that I've seen before include "Ring round bulls-eye" , "(Hit on) part of target immediately next to the bullseye" , "Annulus nearest bull" , "Concealed" , "Situated inside" .)

I've seen this clue in the Sydney Morning Herald.
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