What does the cryptic crossword clue "Rank place, occupant below (10)" mean?

The definition is "Rank". The wordplay uses a charade (building blocks). LIEU (synonym="place,") + TENANT (synonym="occupant") = LIEUTENANT; definition: "Rank" The answer is Lieutenant.

Rank place, occupant below (10)

Telegraph Prize Cryptic #3015 | 15 Down | 2019-08-04 flower

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