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English definition of “clearance”

clearance

noun [U] (CHEAP SALE)    /ˈklɪə.rəns/ US  /ˈklɪr.əns/
an occasion when goods are offered for sale cheaply so that people will be encouraged to buy them and there will be space for new goods : We bought our new carpet at a clearance sale .Parts of shops, shop fittings and retail activities
(Definition of clearance noun (CHEAP SALE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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