Homonym: clearance (Removal)
Clearance refers to the process of removing items from inventory, often at reduced prices, to make way for new stock. Retailers use clearance sales to attract customers and quickly sell off products that are out of season, overstocked, or discontinued. This strategy helps businesses manage their inventory effectively and improve cash flow.
In a different context, clearance can also refer to the authorization required for individuals to access sensitive information or secure areas, such as in government or military settings. This type of clearance ensures that only vetted personnel, often with a background check, can handle classified materials or operate in restricted zones.