Clearing period

  When a cheque is sent for clearing, the bank on which it is drawn has a fixed length of time in which it can "bounce" (refuse to pay) the cheque. This period is known as the clearing period.

International financial encyclopaedia . 2014.

Look at other dictionaries:

  • Clearing zone —   A clearing zone is usually a geographical area such as U.S.A. East coast, Hong Kong, etc. What is important to know however is that all cheques issued in a particular clearing zone will have the same default clearing period (regardless of… …   International financial encyclopaedia

  • Clearing the neighbourhood — of its orbit is a criterion for a celestial body to be considered a planet in the Solar System. This was one of the three criteria adopted by the International Astronomical Union (IAU) in its 2006 definition of planet.[1] In the end stages of… …   Wikipedia

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • clearing — The procedure through which CME Clearing becomes the buyer to each seller of a futures contract, and the seller to each buyer, and assumes responsibility for protecting buyers and sellers from financial loss by ensuring buyer and seller… …   Financial and business terms

  • Clearing Fee — A fee charged by a clearing house for its services. A clearing fee is most often associated with the trading of futures. Transaction fees often include both a brokerage fee and a clearing fee, but seldom include a delivery fee, since the actual… …   Investment dictionary

  • clearing house — A centralized and computerized system for settling indebtedness between members. The best known in the UK is the Association for Payment Clearing Services (APACS), which enables the member banks to offset claims against one another for cheques… …   Big dictionary of business and management

  • clearing house — A centralized and computerized system for settling indebtedness between members. The best known in the UK is the Association for Payment Clearing Services (APACS), which enables the member banks to offset claims against one another for cheques… …   Accounting dictionary

  • Clearing account — A Clearing account is usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary account containing revenue and expense amounts to be transferred to retained earnings at …   Wikipedia

  • clearing engine — Purging the combustion chambers of unburned fuel by rotating the engine with the starter. The airflow caused by the compressor carries off accumulated fuel vapors and vaporizes the liquid fuel present in the engine. In the air, a reciprocating… …   Aviation dictionary

  • clearing account — An account containing amounts to be transferred to another account(s) before the end of the accounting period …   Black's law dictionary

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