- The act or process of making clear. - A tract of land cleared of wood for cultivation. - A method adopted by banks and bankers for making an
exchange of checks held by each against the others, and settling
differences of accounts. - The gross amount of the balances adjusted in the clearing
house.
Automated clearinghouse (ACH) Automated clearinghouse (ACH) is a system that allows payments or withdrawals to and from a bank account by magnetic computer tape.
Automated Clearing House (ACH) Automated Clearing House (ACH) is a collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed
Clearing balances Clearing balances is the deposits held with the Federal Reserve banks by depository institutions to help clear checks for payment and collection and that allow the banks using Federal Reserve services to
Clearing operation Clearing operation is an operation that is designed to clear or neutralize all mines and obstacles from a route or area.
Reasons for Existence of Clearing Union Among the basic reasons for the formation of a clearing union, the following can be mentioned:
i) Exports and imports among members can expand relatively faster because of ...
Clearing Union A clearing union can be defined as a multilateral payments arrangement that periodically offsets the debits and credits accumulated by each member ...
Asian Clearing Union (ACU) Asian Clearing Union (ACU) is the simplest form of payment arrangements whereby the members settle payments for intra-regional transactions among ...
Clearing House A clearing house is an institution set up by the bankers of each town, for the purpose of setting and clearing their reciprocal debts, by...