clear
Definition 1
Accounting: (1) Asset that is free from all claims, liens and encumbrances, as in "free and clear piece of land." (2) To make a profit, as in "the firm cleared one million dollars last quarter."
Definition 2
Banking: To pass through a bank's check clearing cycle.
Mentioned in these terms
Popular 'Accounting & Auditing' Terms
clear in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/clear.html







