clearing


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Related to clearing: clearing house, Bank Clearing

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 ?
Several other bulls, growling and barking, closed in toward the clearing, but they were all much farther from the balu and the panther than was Tarzan of the Apes, so it was that Sheeta and the ape-man reached Teeka's little one almost simultaneously; and there they stood, one upon either side of it, baring their fangs and snarling at each other over the little creature.
Thus they stood while Teeka came across the clearing, going more slowly as she neared the panther, for even her mother love could scarce overcome her instinctive terror of this natural enemy of her kind.
Now she sat upon a high branch, safe out of harm's way, cuddling the little thing close to her hairy breast, the while her savage little eyes bored down upon the contestants in the clearing, and her ferocious voice urged Taug and the other bulls to leap into the melee.
Presently the entire company filed on across the clearing and disappeared in the jungle upon the opposite side.
The antelope was crossing the clearing. Korak dropped to the ground upon the opposite side of the tree, and so lightly that not even the sensitive ears of the antelope apprehended his presence.
Hanson and his boy had ridden directly to the clearing. It was already dark when they arrived.
Three times the Arabs started across the clearing in the direction from which they thought the arrows came, but each time another arrow would come from behind to take its toll from among their number.
An hour later he came to the edge of the clearing before the village.
Some 700 LGUs are conducting road-clearing operations, 397 enacted or revisited their ordinance relating to road clearing and banning of illegal construction.
2, 13 LGUs have ordinances on road clearing operations, while four LGUs -- Makati City, Malabon City, San Juan City, and Pateros -- issued Executive Orders and established task forces to carry out the road clearing operations.
The number of people applying direct to clearing within the 24 hours of A-level results being released has more than doubled across the UK in the past five years from 1,940 in 2014 to 4,210 in 2018.
The trade, which was executed by BNY Mellon on behalf of an insurance company client, originally faced Morgan Stanley as counterparty, and ultimately cleared with Eurex Clearing, a central counterparty (CCP).