Runs away with pearl ring (4)

I believe the answer is:

peal

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'ring' is the definition.
(pealing is a kind of ringing)

I don't understand how the rest of the clue works.

(Other definitions for peal that I've seen before include "(Bells) ring" , "Pale over sound of bells" , "Loud ringing of bells" , "Leap up to loud ring of a bell" , "Set of church bells" .)

I've seen this clue in The Hindu.

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