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Clearance vs Liquidation - What's the difference?

clearance | liquidation |

As nouns the difference between clearance and liquidation

is that clearance is the act of clearing or something (such as a space) cleared while liquidation is the act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.

clearance

English

Noun

  • The act of clearing or something (such as a space) cleared
  • The distance between two moving objects, especially between parts of a machine
  • The height or width of a tunnel, bridge or other passage, or the distance between a vehicle and the walls or roof of such passage; a gap, headroom.
  • A permission for a vehicle to proceed, or for a person to travel.
  • The plane got clearance from air traffic control, and we were off.
    He got clearance to travel to America, even though he had previous links to terrorists
  • A permission to have access to sensitive or secret documents or other information
  • A sale of merchandise at a reduced price.
  • (banking, finance) The settlement of transactions involving securities or means of payment such as checks by means of a clearing house.
  • (medicine) The removal of harmful substances from the blood; renal clearance.
  • (sports, billiards, snooker, pool) The act of potting all the remaining balls on a table at one visit.
  • (soccer) The act of kicking a ball away from the goal one is defending.
  • * {{quote-news
  • , year=2010 , date=December 29 , author=Chris Whyatt , title=Chelsea 1 - 0 Bolton , work=BBC citation , page= , passage=Bolton were then just inches from taking the lead, but the dangerous-looking Taylor drilled just wide after picking up a loose ball following Jose Bosingwa's poor attempted clearance .}}
  • (chess) Removal of pieces from a rank, file or diagonal so that a bishop, rook or queen is free to move along it.
  • Clear or net profit.
  • (Trollope)

    liquidation

    English

    Noun

    (en noun) (wikipedia liquidation)
  • The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
  • The selling of the assets of a business as part of the process of dissolving the business.
  • The store is having a liquidation sale, everything must go as they go out of business.