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.

Collins Dictionary of Law © W.J. Stewart, 2006

Mentioned in

"The Civil Rights Cases"
Abrams v. United States
abstract of title
accusation
Alien and Sedition Acts
Arrest for crack
Arrested for agrravated assault, not guilty
Attorney Misconduct
Barron v. Baltimore
beyond a reasonable doubt
book account
Clear
clear and convincing evidence
Clear and Convincing Proof
Clear and Present Danger
clear days
Clear Title
clearing bank
Clearing house

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