Webster's English Dictionary

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clearing

clear.ing \'kli(*)r-in\ n 1: the act or process of making or becoming clear 
    2: a tract of land cleared of wood and brush  3a: a method of exchanging 
   and offsetting commercial papers or accounts wit h cash settlement only of 
   the balances due after the clearing pl  3b: the gross amount of balances so 
   adjusted