Sumo Champion's Belt
The kanji is rope so this word also refers to a rope. This can also mean a sumo champion's belt, though you'll probably see that meaning a lot less, unless you're a huge sumo fan.
The reading used here is the reading you learned with the kanji.
I used a rope to hold myself in place so I wouldn't fall while rock climbing.
The sumo belt for a new sumo champion was completed.
Have you heard of the guy who walked a tightrope between two hot air balloons?