Clearing (finance)
All activities from the time a commitment is made for a financial transaction until it is settled
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.
Nº Q1099549 ★★★
Rare · Knowledge
Clearing (finance)
All activities from the time a commitment is made for a financial transaction until it is settled
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.
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30-day sales
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median
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sales
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Sales history
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- 30-day average
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No sales yet.
Anonymous sales: no buyer or seller shown. Figures count player-to-player sales only.
From Wikipedia
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.
Text: Wikipédia, CC BY-SA 4.0. ·
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