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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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