Clearance

Clearance refers to the act of removing obstacles or obtaining the necessary permissions to proceed with an action, often relating to financial or regulatory matters. In commercial contexts, it can signify a sale of goods at reduced prices to eliminate stock. Additionally, it can denote the amount of space needed for safe movement or clearance in construction or aviation.

Clearance meaning with examples

• During spring cleaning, the store announced a clearance sale on winter apparel, prompting many shoppers to take advantage of the significant discounts available. The sale attracted crowds eager to find deals, as shoppers filled their carts with sweaters and coats, all while enjoying the thrill of saving money before the new season arrived.
• Obtaining a security clearance is essential for contractors working with government agencies. This process involves rigorous background checks to ensure that individuals can be trusted with sensitive information. Only those who pass the evaluation will receive the necessary credentials to access classified data or environments, underscoring the importance of integrity in national security.
• The construction team ensured that a 10-foot clearance was maintained under the power lines during the building project. This precaution was essential for safety and compliance with local regulations. By adhering to this guideline, workers minimized the risk of accidents, allowing the project to progress smoothly without any hazardous incidents.
• In preparing for the annual warehouse clearance, management organized a series of promotional events to entice customers. The goal was to thin out inventory prior to the new product launches. As a result, both customers and staff were engaged in a lively atmosphere filled with bargains and enthusiastic sales pitches, enhancing revenue and customer satisfaction.
• Understanding the concept of clearance in finance involves the process through which transactions are settled between parties. This ensures that funds are transferred correctly and that all necessary documentation is updated. By focusing on clearance processes, businesses can maintain smoother operations and uphold credibility in their financial dealings.