clearing


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Related to clearing: clearing house, Bank Clearing
See: exoneration

clearing

the process by which the cheques drawn on clearing banks are exchanged and the differences between what is due from and to each bank are settled daily by transfers between the accounts of such banks with the Bank of England.
References in classic literature ?
She had almost reached the clearing before Baynes became aware of her presence, and then as he looked up, the foliage parted to the head and shoulders of her mount and Meriem rode into view.
Here have I known the pigeon to fly for forty long years, and, till you made your clearings, there was nobody to skeart or to hurt them, I loved to see them come into the woods, for they were company to a body, hurting nothing
That decided the planter to argue no more, and Moti Guj rolled back to his amateur inspection of the clearing.
There was movement among the bushes at the far end of the clearing which I had just traversed.
This work was not completed until long after dark, the men building a huge fire in the center of the clearing to give them light to work by.
He went roaring and resentful; but in the very center of the clearing his voice was suddenly hushed and Tarzan saw the great head lower and flatten out, the body crouch and the long tail quiver, as the beast slunk cautiously toward the trees upon the opposite side.
Tarzan swung quickly through the trees toward the clearing.
The wind was blowing directly across the clearing between them, and Jane lost no time in putting herself downwind from the huge creature.
Before the clearing had been half crossed the Arabs opened up a withering fire from behind the palisade.
Suppose the government sells you Pari-Sulay at a pound an acre; clearing will cost you at least four pounds more; that is, five pounds for four hundred acres, or, say, ten thousand dollars.
Between her and her hand-press on the mountain clearing and him ordering his wine in the hotel was a difference of seven dollars and seventy-eight cents.
His progress was more rapid now, as he came down into the valley, and at the end of half an hour he halted at an ancient rail fence on the edge of a clearing.