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What does clearance mean?

Looking for the meaning or definition of the word clearance? Here's what it means.

Noun
  1. The act of clearing or something (such as a space) cleared
  2. The distance between two moving objects, especially between parts of a machine
  3. 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.
  4. A permission for a vehicle to proceed, or for a person to travel.
  5. A permission to have access to sensitive or secret documents or other information.
  6. A permission to use something, usually intellectual property, that is legally, but not otherwise, protected.
  7. A sale of merchandise at a reduced price.
  8. (banking, finance) The settlement of transactions involving securities or means of payment such as checks by means of a clearing house.
  9. (medicine) The removal of harmful substances from the blood; renal clearance.
  10. (sports, billiards, snooker, pool) The act of potting all the remaining balls on a table at one visit.
  11. (soccer) The act of kicking a ball away from the goal one is defending.
  12. (chess) Removal of pieces from a rank, file or diagonal so that a bishop, rook or queen is free to move along it.
  13. Clear or net profit.
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