CLEARING

noun the act or process of making clear.

2. clearing ·noun a tract of land cleared of wood for cultivation.

3. clearing ·p.pr. & ·vb.n. of clear.

4. clearing ·noun the gross amount of the balances adjusted in the clearing house.

5. clearing ·noun a method adopted by banks and bankers for making an exchange of checks held by each against the others, and settling differences of accounts.