See Also: clearing(dictionary)
clearing(dictionary)
Clearing(finance)
Check clearing(finance)
Market clearing(money)
Clearing corporations(finance)
Clearing member(money)
Clearing corporations(money)
Market clearing(finance)
Non-clearing member(finance)

clearing (iou)



clearing noun. LME.
[from CLEAR verb + -ING1.]
The action of CLEAR verb. LME.
b. The washing of calico to remove excess dye. M19.
A piece of land in a forest cleared for cultivation; an open space in a forest. L17.
In pl. The balance of a military officer's pay after deductions. L17-E19.
Comb.: clearing-bank a bank that is a member of a clearing-house, spec. of the London Clearing House; clearing-house a bankers' institution where cheques and bills are exchanged, so that only the balances need be paid in cash; transf. an agency for collecting and distributing information etc.