1 in senses of CLEAR v.
2 an area in a forest cleared for cultivation.
Phrases and idioms:
clearing bank Brit. a bank which is a member of a clearing-house. clearing-house
1 a bankers' establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash.
2 an agency for collecting and distributing information etc.
Useful english dictionary. 2012.