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

Additional Related Terms: 10-Q, 10-K, 1035 exchange, 12b-1 funds, Allowance for depreciation, Average collection period, Automatic Funds Transfer, Accrual of discount, American Stock Exchange, Amortization of premium