Baby's basket drops in a hound (6)

I believe the answer is:

basset

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'hound' is the definition.
(basset hound is an example)

I cannot understand how the remainder of the clue works.

(Other definitions for basset that I've seen before include "Hound (named Fred?)" , "Short-legged hound that hunts hares" , "Type of horn" , "Short-legged dog" , "Low, smooth-haired breed of hound" .)

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

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