Back مقاصة Arabic Klirinq Azerbaijani Clearing Czech Clearing Danish Clearing German Kliringo Esperanto Compensación (finanzas) Spanish Kliiring Estonian Clearing-kauppa Finnish Compensation (finance) French
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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.