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English definition of “clearance sale”

clearance sale

noun [C]     (also clearance [C or U]) COMMERCE
an event at a store, during which it sells products at a lower price than usual in order to get rid of them: Save up to 60% on appliances during our storewide clearance sale. As business slowed, some chains held clearance sales to lure customers and get rid of summer goods.
(Definition of clearance sale noun from the Cambridge Business English Dictionary © Cambridge University Press)
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