Definitions (2)

1. The collection of funds which a check is drawn on, and the payment of those funds to the bearer.
2. The verification of information between the two brokers in a securities transaction and the subsequent settlement (delivery of certificates in exchange for payment).

Use clearing in a sentence

You need to make sure that you check to see that everything went fine at the clearing so that you know.

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They had to move funds to the clearing account before they could wire them to the investor for the remittance.

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The clearing of the check occurred on friday the 14th of december which was a monumental day as we were able to begin the project then.

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international clearing system direct sends