Pronunciation spelling of clearing.

present participle of clear

The act or process of making or becoming clear. / An area of land within a wood or forest devoid of trees. / An open space in the fog etc.

plural of clearing

Alternative spelling of clearing house

(finance) A nationwide electronic funds transfer system that provides for interbank clearing of electronic payments, such as credit-card transactions. An ACH transaction is an electronic fund transfer through the Federal Reserve Bank from a checking or savings account.

plural of clearinghouse

plural of automated clearing house

present participle of clear the decks

Any of a network of banks that have a formal arrangement for the exchange of cheques, drafts, etc.