CLEARING

Clearing

In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing of payments is necessary to turn the promise of payment into actual movement of money from one bank to another.

The above text is a snippet from Wikipedia: Clearing (finance)
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clearing

Noun

  1. The act or process of making or becoming clear.
  2. An area of land within a wood or forest devoid of trees.
  3. An open space in the fog etc.
  4. A process of exchanging transaction information and authorisation through a central institution or system to complete and settle those transactions.
  5. A sequence of events used to disconnect a call, and return to the ready state.
  6. The period in which remaining university places are allocated to remaining students.
  7. The act of removing the ball from one's own goal area by kicking it.

Verb

clearing



The above text is a snippet from Wiktionary: clearing
and as such is available under the Creative Commons Attribution/Share-Alike License.

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