clearing
Sign in to saveall activities from the time a commitment is made for a financial transaction until it is settled
In the Vinony graph
Within Vinony's link graph, clearing is referenced by 331 other articles, and connects out to settlement, money and cattle.
It sits within the topics Financial markets, Securities (finance) and Settlement (finance).
Its subject is documented across 32 Wikipedia language editions.
Wikidata facts
- Instance of
- method
- Part of
- bookkeeping
Show 1 more fact
- described by source
- National Encyclopedia of Uzbekistan
Sources (2)
via Wikidata · CC0
~10 min read
Encyclopedic overview
In banking and finance, clearing refers to all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another. Clearing houses were formed to facilitate such transactions among banks.
Description
Excerpted from Wikipedia’s “clearing” article, available under the CC BY-SA 4.0 licence.