Clear"ing, n. 1. The act or process of making clear.

The better clearing of this point.
South.

2. A tract of land cleared of wood for cultivation.

A lonely clearing on the shores of Moxie Lake.
J. Burroughs.

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.

&fist; 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.

• The act or process of making or becoming clear.
  
• An area of land within a wood or forest devoid of trees.
  
• An open space in the fog etc.
  
• (banking) The process of exchanging cheques etc between banks, and the settlement of the net differences.
  
• (telecommunication) A sequence of events used to disconnect a call, and return to the ready state.