Definitions for "Check clearing"
The movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal Reserve operates a nationwide check-clearing system.
The mechanism used to collect items drawn on payor institutions.
The process of transferring deposits among banks as checks are paid.
Keywords:  market
Checking the market Checkwriting