clearing

noun

all activities from the time a commitment is made for a financial transaction until it is settled
act or process of cleaning, making clear or open
act or process of approving, permitting
act or process of escaping, avoiding, getting past or through

Pronunciation: /ˈklɪɹ.ɪŋ/ / /ˈklɪə.ɹɪŋ/ / /ˈklɪːɹɪŋ/

Etymology: Etymology tree English clear English -ing English clearing From clear + -ing.

The act or process of making or becoming clear.
An area of land within a wood or forest devoid of trees.
“Now we plunged into a deep shade with the boughs lacing each other overhead, and crossed dainty, rustic bridges[…]: or anon we shot into a clearing, with a colored glimpse of the lake and its curving shore far below us.”
An open space in the fog etc.
A process of exchanging transaction information and authorisation through a central institution or system to complete and settle those transactions.
A sequence of events used to disconnect a call, and return to the ready state.
The period in which remaining university places are allocated to remaining students.
The act of removing the ball from one's own goal area by kicking it.

Etymology: Etymology tree English clear English -ing English clearing From clear + -ing.