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English definition of “clearance”

clearance

noun [U] (GETTING RID OF)   /ˈklɪər·əns/
If goods are reduced for clearance, they are offered for sale at a lower than usual price so that people will buy them and there will be space for new goods: a clearance sale
(Definition of clearance noun (GETTING RID OF) from the Cambridge Academic Content Dictionary © Cambridge University Press)
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