clearance rate
"Clearance rate" is a versatile metric used across various fields to measure efficiency and effectiveness.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
B2Law Enforcement
(technical)The percentage of crimes solved by the police compared to the total number of crimes reported.
Example
- The police department's clearance rate for burglary cases improved this year.
B2Real Estate
(technical)The percentage of properties sold at auction compared to the total number of properties listed for auction.
Example
- The auction clearance rate this month indicates a strong demand for housing.
C1Judiciary
(technical)The efficiency of a court in handling its caseload, calculated as the percentage of cases disposed of compared to cases filed.
Example
- The court's clearance rate exceeded 100%, indicating it is keeping up with new cases.
C1Medicine
(technical)The rate at which a substance is removed from the body.
Example
- The drug's clearance rate is a critical factor in determining its dosage.
C1Finance
(technical)The speed at which a financial transaction is processed and settled.
Example
- A higher clearance rate in financial transactions can improve market efficiency.
Similar
Terms that have similar or relatively close meanings to "clearance rate":