Clearing (finance)
ALL ACTIVITIES FROM THE TIME A COMMITMENT IS MADE FOR A FINANCIAL TRANSACTION UNTIL IT IS SETTLED
Clearing (financial); Financial clearing; Clearing Bank; Electronic Clearing Service; Check clearing; Clearinghouse model; Check clearing (finance); Check clearing(finance); Bankers clearing house; Banker's clearing house; Check-clearing process; Clearing of checks; Payment clearing and settlement system; Clearance of cheques; Cheque clearance
In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another.