Clearings
/ˈklɪərɪŋz/
Definitions
- (n.) Settlement of obligations by mutual adjustment or payment between parties, especially in banking or finance contexts.
The bank handled the clearings of all checks by the end of the day.
- (n.) Designated areas within a forest where trees have been cut to create an open space, relevant in property and land use law.
The court examined the clearings on the disputed land to determine ownership rights.
Forms
- clearing
Related terms
See also
Commentary
In legal usage, "clearings" often refers to financial settlements or physical land areas; context clarifies meaning.
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.