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The Collaborative International Dictionary
Rub iron

Rub \Rub\, n. [Cf. W. rhwb. See Rub, v,t,]

  1. The act of rubbing; friction.

  2. That which rubs; that which tends to hinder or obstruct motion or progress; hindrance; obstruction, an impediment; especially, a difficulty or obstruction hard to overcome; a pinch.

    Every rub is smoothed on our way.
    --Shak.

    To sleep, perchance to dream; ay, there's the rub.
    --Shak.

    Upon this rub, the English ambassadors thought fit to demur.
    --Hayward.

    One knows not, certainly, what other rubs might have been ordained for us by a wise Providence.
    --W. Besant.

  3. Inequality of surface, as of the ground in the game of bowls; unevenness.
    --Shak.

  4. Something grating to the feelings; sarcasm; joke; as, a hard rub.

  5. Imperfection; failing; fault. [Obs.]
    --Beau. & Fl.

  6. A chance. [Obs.]

    Flight shall leave no Greek a rub.
    --Chapman.

  7. A stone, commonly flat, used to sharpen cutting tools; a whetstone; -- called also rubstone.

    Rub iron, an iron guard on a wagon body, against which a wheel rubs when cramped too much.

    Rub of the green (Golf), anything happening to a ball in motion, such as its being deflected or stopped by any agency outside the match, or by the fore caddie.

Wiktionary
rub iron

n. An iron guard on a wagon body, against which a wheel rubs when cramped too much.