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English definition of “clearing”

clearing

noun [U]
 
 
/ˈklɪərɪŋ/
BANKING, FINANCE the process by which cheques and other payments are exchanged between customers of different banks: Check clearing is facilitated by central clearing houses, including the Federal Reserve System.
FINANCE, STOCK MARKET the process by which shares and money are exchanged at the end of a day of trading on a financial market: settlement and clearing services for securitiesclearing member/corporation/agent No clearing member has ever failed to meet a performance bond call or its delivery obligations.
(Definition of clearing from the Cambridge Business English Dictionary © Cambridge University Press)
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