Meaning of “clearing” in the English Dictionary

business-english dictionary

"clearing" in American English

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clearingnoun [ C ]

us /ˈklɪr·ɪŋ/

clearing noun [ C ] (GET RID OF)

an area in a woods or forest from which trees and bushes have been removed

(Definition of “clearing” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"clearing" in Business English

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clearingnoun [ U ]

uk /ˈklɪərɪŋ/ us

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 securities
clearing 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)