What does clearing bank mean?
Definitions for clearing bank
clear·ing bank
This dictionary definitions page includes all the possible meanings, example usage and translations of the word clearing bank.
Wiktionary
clearing banknoun
Any of a network of banks that have a formal arrangement for the exchange of cheques, drafts etc.
Wikipedia
clearing bank
In banking and finance, clearing denotes 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.
Numerology
Chaldean Numerology
The numerical value of clearing bank in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of clearing bank in Pythagorean Numerology is: 7
Translations for clearing bank
From our Multilingual Translation Dictionary
- Клиринговый банкRussian
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"clearing bank." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/clearing+bank>.
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