clearing
Definition 1
General: Satisfaction of the requirements of a due process.
Definition 2
Banking: See check clearing.
Definition 3
Futures and options: Procedure through which a clearing house acts as a counter-party to every trade and assures financial integrity of each contract.
Definition 4
Importing: Release of a shipment after approval of its shipping documents and customs entry, and payment of duties and taxes, if any.
Definition 5
Securities: Procedure through which a stock exchange agency or affiliate validates, delivers, and settles all trades.
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