Meaning of CLEARING in English

CLEARING

n. 1 in senses of CLEAR v. 2 an area in a forest cleared for cultivation. clearing bank Brit. a bank which is a member of a clearing-house. clearing-house 1 a bankers' establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash. 2 an agency for collecting and distributing information etc.

Concise Oxford English dictionary.      Краткий оксфордский словарь английского языка.