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Pendulum clock component that's exactly round (8)

Ross

I believe the answer is:

deadbeat

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'pendulum clock component' is the definition.
I can't judge whether this defines the answer.

'exactly round' is the wordplay.
'exactly' becomes 'dead' (eg in phrases like 'you're dead right').
'round' becomes 'beat' (synonyms).
'dead'+'beat'='DEADBEAT'

'that's' is the link.

Can you help me to learn more?

(Other definitions for deadbeat that I've seen before include "down-and-out" , "Lazy, useless person" , "lazy so-and-so" , "lazy fellow" , "Disreputable person" .)

I've seen this clue in The Times.
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