Define: Clearing

UK Accounting Glossary

Definition: Clearing


Quick Summary of Clearing


1. General: Satisfaction of the requirements of a due process. 2. Banking: See check clearing. 3. Futures and options: Procedure through which a clearinghouse 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




What is the dictionary definition of Clearing?

Dictionary Definition


1. The act or process of making or becoming clear.
2. An area of land within a wood or forest devoid of trees.
3. An open space in the fog etc.


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Full Definition of Clearing


1. General: Satisfaction of the requirements of a due process.
2. Banking: See check clearing.
3. Futures and options: Procedure through which a clearinghouse 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.


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Clearing FAQ's



Cite Term


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Page URL
https://payrollheaven.com/define/clearing/
Modern Language Association (MLA):
Clearing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 https://payrollheaven.com/define/clearing/.
Chicago Manual of Style (CMS):
Clearing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/clearing/ (accessed: November 22, 2019).
American Psychological Association (APA):
Clearing. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/clearing/

Definition Sources


Definitions for Clearing are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th September 2019.