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Clearing

Defined in 2 dictionaries — Black's (1910), Black's (1891)

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

The departure of a vessel from port, after complying with the customs and health laws and like local regulations.

In mercantile law. A method of making exchanges and settling balances, adopted among banks and bankers.

A Dictionary of Law

Henry Campbell Black · 1891

The departure of a vessel from port, after complying with the customs and health laws and like local regulations.

In mercantile law. A method of making exchanges and settling balances, adopted among banks and bankers.