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Clearance

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(1):

(n.) The act of clearing; as, to make a thorough clearance.

(2):

(n.) The distance by which one object clears another, as the distance between the piston and cylinder head at the end of a stroke in a steam engine, or the least distance between the point of a cogwheel tooth and the bottom of a space between teeth of a wheel with which it engages.

(3):

(n.) A certificate that a ship or vessel has been cleared at the customhouse; permission to sail.

(4):

(n.) Clear or net profit.