Clearing
Clearing , noun
1.
The act or process of making clear.
The better clearing of this point.
2.
A tract of land cleared of wood for cultivation.
A lonely clearing on the shores of Moxie Lake.
3.
A method adopted by banks and bankers for making an exchange of checks held by each against the others, and settling differences of accounts.
In England, a similar method has been adopted by railroads for adjusting their accounts with each other.
4.
The gross amount of the balances adjusted in the clearing house.