Definitions (5)
Related Terms
1. General: Satisfaction of the requirements of a due process.
2. Banking: See check clearing.
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.
4. Importing: Release of a shipment after approval of its shipping documents and customs entry, and payment of duties and taxes, if any.
5. Securities: Procedure through which a stock exchange agency or affiliate validates, delivers, and settles all trades.

Use 'clearing' in a Sentence

Many stores have a check clearing policy stating that a refund cannot be provided until enough time has passed to allow the funds from the check to be removed from the bank account, assuring that the check is not fraudulent.
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We do not any longer accept checks for products at our employee store because there was a problem with checks clearing.
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I recently contacted my bank regarding their clearing policy relating to holds placed upon personal and business checks deposited to my account.
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