a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Clearing historic definition... Clearing -- Clearing by a bank is the presentation at the clearing house of collectable items (checks, drafts, promissory notes, etc.) which it holds, the receipt in exchange of the items payable by it, and the settlement of the difference (balance) by collection of or payment of the amount of the difference. Clearing a check or a bill of exchange (draft) consists in presenting it for payment. Clearing by a stock broker is the operation of delivering stocks and receiving pay for them, or the reverse, receiving stocks and paying for them. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.