Bright red name-tag perhaps (7)
I believe the answer is:
magenta
'bright red' is the definition.
'magenta' can be an answer for 'red' (magenta is a kind of red). I am unsure of the 'bright' bit.
'name-tag perhaps' is the wordplay.
'perhaps' indicates anagramming the letters.
'name'+'tag'='nametag'
'nametag' is an anagram of 'MAGENTA'.
Can you help me to learn more?
(Other definitions for magenta that I've seen before include "Light purplish-red" , "Purplish-red - battle" , "Bright purplish-red" , "puce" , "fuchsia" .)