Clearing

Clear"ing

, n. 1. The act or process of making clear.
[1913 Webster]

The better clearing of this point.
South.
[1913 Webster]

2. A tract of land cleared of wood for cultivation.
[1913 Webster]

A lonely clearing on the shores of Moxie Lake.
J. Burroughs.
[1913 Webster]

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.
[1913 Webster]

In England, a similar method has been adopted by railroads for adjusting their accounts with each other.
[1913 Webster]

4. The gross amount of the balances adjusted in the clearing house.
[1913 Webster]

Clearing house, the establishment where the business of clearing is carried on. See above, 3.
[1913 Webster]

 

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Mon 17th December 2018