Editing : Editing Basics : Basic Editing Commands : Cut and Copy Commands

Cut and Copy Commands
Use the Cut command to remove the selection from the track and place it on the Clipboard.
Use the Copy command to place a copy of the selection on the Clipboard so it can be pasted to another track, or to the same track at a different location, while leaving the original intact and in place.
To cut or copy a selection or clip:
1 If you want to constrain the selection to the current Grid value, enable Snap to Grid.
2 Set the Track View for the tracks you want to edit.
When displaying waveforms for audio tracks, or notes or clips for MIDI tracks, selections include underlying automation and controller data. If the track is displaying automation data, only the automation data is affected by the edits.
3 Make an Edit selection of the material you want to Cut or Copy.
4 Do one of the following:
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Choose Edit > Cut to remove the selection and place it on the Clipboard.
– or – 
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Choose Edit > Copy to place the selection on the Clipboard, without removing it.
If a portion of a clip was cut or copied, the material on the Clipboard appears as a new clip in the Clip List. If a portion of a clip was cut, new clips are auto-created from the material residing outside of the selection.
When Shuffle Clips is enabled, any subsequent clips slide over to fill any empty space.
Deleting Underlying Clip Data
When removing a clip or selection, you can choose to remove or keep the underlying clip data.
To delete a clip or selection along with the underlying clip data:
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Choose Edit > Cut.
To delete a clip or selection without removing the underlying clip data:
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Choose Edit > Clear.