clearing

clearing is a   Noun

Definition:

[1] The act or process of making clear. The better clearing of this point. South.

[2] A tract of land cleared of wood for cultivation. A lonely clearing on the shores of Moxie Lake. J. Burroughs.

[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.

[4] The gross amount of the balances adjusted in the clearing house. Clearing house, the establishment where the business of clearing is carried on. See above, 3.

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