FT MarketWatch

Clearing

Definition 1 The Collection of funds which a Check is drawn on, and the payment of those funds to the Bearer. Definition 2 The verification of information between the two brokers in a securities Transaction and the subsequent Settlement (delivery of certificates in Exchange for payment).

Related Terms: 17 Action, Bearer, Broker, Bear, Collection, Check, Certificate, Delivery, Exchange, ECU, Fund, FICA, FIN, SEC, Settlement, Settle, Transaction
Other Related Pages: Category: Brokerages Starting With: C
Semi Related Terms: 565 CLICK HERE TO VIEW