Meaning of clearing

clear•ing

Pronunciation: (klēr'ing), [key]
— n.
  1. the act of a person or thing that clears; the process of becoming clear.
  2. a tract of land, as in a forest, that contains no trees or bushes.
  3. the reciprocal exchange between banks of checks and drafts, and the settlement of the differences.
  4. the total of claims settled at a clearinghouse.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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