clearing
Definition 1
The collection of funds which a check is drawn on, and the payment of those funds to the bearer.
Definition 2
The verification of information between the two brokers in a securities transaction and the subsequent settlement (delivery of certificates in exchange for payment).
 Cite this definition
Related Terms
National Securities Clearing Corporation, Options Clearing Corporation, Stock Clearing Corporation, Automatic Clearing House
Related Research Articles from the InvestorGuide.com University
Types of Accounts
Find out about the different types of bank accounts that are available, including savings accounts, checking accounts, money market deposit accounts (MMDAs) and certificates of deposit (CDs).
Online Banking
How can you find the best online bank for you? Within the last decade, online banking has exploded in popularity, and revolutionized the industry, but some banks offer better services than others. Here we look at some things you should consider when you choose an online bank, including account access, security, online bill paying, account aggregation and fees.
Introduction to Banking
Learn about the basics of banking, as well as alternatives to banks, such as credit unions, brokerages and mutual funds.
Featured Sponsor
|
|
|
