It may be caged but could be paroled (7)

I believe the answer is:

leopard

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'it may be caged' is the definition.
The definition suggests a singular noun which matches the answer.

'could be paroled' is the wordplay.
'could be' is an anagram indicator.
'paroled' with letters rearranged gives 'LEOPARD'.

'but' acts as a link.

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(Other definitions for leopard that I've seen before include "Spotted beast" , "Wild cat" , "Animal -- per load (anag)" , "Powerful cat" , "Spotted big cat" .)

I've seen this clue in The Globe and Mail.

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