- Clearing
- Clearing Clear"ing, n.
1. The act or process of making clear.
[1913 Webster]
The better clearing of this point. --South. [1913 Webster]
2. A tract of land cleared of wood for cultivation. [1913 Webster]
A lonely clearing on the shores of Moxie Lake. --J. Burroughs. [1913 Webster]
3. A method adopted by banks and bankers for making an exchange of checks held by each against the others, and settling differences of accounts. [1913 Webster]
Note: In England, a similar method has been adopted by railroads for adjusting their accounts with each other. [1913 Webster]
4. The gross amount of the balances adjusted in the clearing house. [1913 Webster]
{Clearing house}, the establishment where the business of clearing is carried on. See {above}, {3}. [1913 Webster]
The Collaborative International Dictionary of English. 2000.