Clearing. Clearing by a bank is the presentation at the clearing house of collectable items
(checks, drafts, promissory notes, etc.) which it holds, the receipt in exchange of the items payable
by it, and the settlement of the difference (balance) by collection of or payment of the amount of
the difference.
(checks, drafts, promissory notes, etc.) which it holds, the receipt in exchange of the items payable
by it, and the settlement of the difference (balance) by collection of or payment of the amount of
the difference.
 | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  |
| Copyright 2000 - 2010 by Dictionary of Accounting All Rights Reserved Accounting Resources Hunting Knives, Military Acronyms Training Gun Dog |