Lyrical composition, outstanding in recital (3)
I believe the answer is:
ode
'lyrical composition' is the definition.
'ode' can be an answer for 'composition' (I've seen this before). I am unsure of the 'lyrical' bit.
'outstanding in recital' is the wordplay.
'outstanding' becomes 'owed' (as in an outstanding debt).
'in recital' indicates a 'sounds like' (homophone) clue.
'owed' is a homophone of 'ODE'.
Can you help me to learn more?
(Other definitions for ode that I've seen before include "Literary work" , "Lyric poem" , "Sung poem" , "(Railway)system" , "Poem expressing noble feelings" .)