Clearing

Definition:

A movement of checks from banks where they are deposited back to those on which they were written, and funds movement in the opposite direction. This results in credit to the banks where funds are deposited and corresponding debits to the accounts of paying institutions. The Federal Reserve operates a nationwide check clearing system, including numerous Regional Check Processing Centers.

Related terms:

Gross profit

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Term: Banking -> Clearing

Clearing

Debenture

Gross profit

The single best thing you can do for yourself financially is to make sure you live within your income

Calculate gross and net wage, Salary and hourly overtime, Monthly and weekly, by hours or years

If you are in pursuit of higher learning and want to figure the cost you are in the right place.

Browse by categories

Terms

Banking