Define: Clearing

UK Accounting Glossary

Definition: Clearing



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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Synonyms For Clearing


clearance, clear, cleared, compensating


Cite Term


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https://payrollheaven.com/define/clearing/
Modern Language Association (MLA):
Clearing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 27, 2020 https://payrollheaven.com/define/clearing/.
Chicago Manual of Style (CMS):
Clearing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/clearing/ (accessed: February 27, 2020).
American Psychological Association (APA):
Clearing. PayrollHeaven.com. Retrieved February 27, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/clearing/

Definition Sources


Definitions for Clearing are sourced/syndicated and enhanced 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.