Meaning of “clearance sale” in the English Dictionary

business-english dictionary

"clearance sale" in Business English

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clearance salenoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)