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).
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).
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clearing is ...
... part of the Banking and Brokerages subjects.
... part of the Banking and Brokerages subjects.
Related Terms
Automatic Clearing House, clearance, clearing corporation, clearing firm, clearinghouse funds, Committee on Uniform Securities Identification Procedures, CUSIP, day loan, direct sends, Euroclear and
clearing appears in these other terms
Clearing House Interbank Payments System, International Commodities Clearing House, clearinghouse, Government Securities Clearing Corporation, clearing member, Clearing House Automated Payment System
clearing appears in the definitions of these other terms on BusinessDictionary.com
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