Reference Entry

clear

Peter Moles and Nicholas Terry

in The Handbook of International Financial Terms

Published in print January 1997 | ISBN: 9780198294818
Published online January 2005 | e-ISBN: 9780191727245
clear

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The process of settlement of transactions. The term clear or clearing is normally applied to the interbank payment system while

Reference Entry.  59 words. 

Subjects: Financial Institutions and Services

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