Cleared
/ˈklɪərd/
Definitions
- (adj.) Having been authorized or approved, typically referring to transactions or documents that have passed necessary legal or regulatory checks.
The transaction was cleared by the regulatory authority before proceeding.
- (v.) Past tense of clear; to remove an impediment, authorize, or approve legally.
The bank cleared the funds after verifying the account.
Related terms
See also
Commentary
As the past tense of 'clear,' it relates to authorization and removal of legal impediments; as an adjective, it indicates completion of necessary approvals.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.