clearance
US /ˈklɪr.əns/
UK /ˈklɪr.əns/

1.
the action or process of removing something that is no longer wanted or needed
:
•
The clearance of the old building took several weeks.
•
We need to get clearance for the debris after the storm.
2.
official authorization for something to proceed or take place
:
•
The project received full clearance from the government.
•
You need security clearance to access this area.
3.
4.
a sale of goods at reduced prices to get rid of old stock
:
•
The store is having a big clearance sale this weekend.
•
I bought these shoes at a fantastic clearance price.