Crossword Genius

Young lady backed favourite - put a foot wrong! (7)

Ross

I believe the answer is:

misstep

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

'a foot wrong' is the definition.
The definition and answer can be both acts as well as being singular nouns.
Maybe they are linked in a way I don't understand?

'young lady backed favourite' is the wordplay.
'young lady' becomes 'miss' (term of address for a young woman).
'backed' says the letters should be written backwards.
'favourite' becomes 'pet' (synonyms).
'pet' back-to-front is 'tep'.
'miss'+'tep'='MISSTEP'

'put' acts as a link.

Can you help me to learn more?

(Other definitions for misstep that I've seen before include "False move" , "Error" , "Badly judged footing" , "Badly judged move" , "bad move" .)

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