Clears
/ˈklɪərz/
Definitions
- (v.) Third-person singular form of clear, meaning to remove obstacles, authorize, or confirm in a legal or financial context.
The bank clears the checks before releasing funds.
Forms
- clear
- cleared
- clearing
Related terms
See also
Commentary
Used primarily in banking and legal contexts to describe the process of confirming transactions or authorizations.
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.