noun
- plural of preclearance; official approval or authorization granted in advance before an action is taken
- in voting rights law, advance approval required by certain jurisdictions before changing voting procedures or district boundaries
Usage: commonly used in legal, regulatory, and business contexts; often refers to advance approval from government agencies or compliance bodies
Usage: legal/political term; historically associated with the Voting Rights Act of 1965
Examples
- The company obtained preclearances from the FDA before launching its new medication.
- Mortgage preclearances help buyers understand their borrowing capacity early in the home-buying process.
- Several states required preclearances for changes to their voting districts.
- The regulatory body issued preclearances for the merger to proceed.
- Preclearances from the ethics committee were necessary before the research could begin.
- Banks often provide preclearances to qualified applicants to streamline the loan approval process.