Team raced around to establish boundaries (9)

I believe the answer is:

demarcate

I'm a little stuck... Click here to teach me more about this clue!

'establish boundaries' is the definition.
I can't tell whether this defines the answer.

'team raced around' is the wordplay.
'around' indicates anagramming the letters.
'team'+'raced'='teamraced'
'teamraced' with letters rearranged gives 'DEMARCATE'.

'to' acts as a link.

Can you help me to learn more?

(Other definitions for demarcate that I've seen before include "Bound" , "Set limits" , "Separate; mark off" , "Limit" .)

I've seen this clue in The Irish Times.

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