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