Definition of CLEARING. Meaning of CLEARING. Synonyms of CLEARING
Here you will find one or more explanations in English for the word CLEARING.
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Definition of CLEARING
Clearing Clearing Clear"ing, n.
1. The act or process of making clear.
The better clearing of this point. --South.
2. A tract of land cleared of wood for cultivation.
A lonely clearing on the shores of Moxie Lake. --J.
Burroughs.
3. A method adopted by banks and bankers for making an
exchange of checks held by each against the others, and
settling differences of accounts.
Note: In England, a similar method has been adopted by
railroads for adjusting their accounts with each other.
4. The gross amount of the balances adjusted in the clearing
house.
Clearing house, the establishment where the business of
clearing is carried on. See above, 3.
