clearing

Etymology

From clear + -ing.

verb

1. present participle and gerund of clear

noun

1. The act or process of making or becoming clear.
2. An area of land within a wood or forest devoid of trees.
3. An open space in the fog etc.
4. (banking, finance) A process of exchanging transaction information and authorisation through a central institution or system to complete and settle those transactions.
5. (telecommunications) A sequence of events used to disconnect a call, and return to the ready state.
6. (Britain, education) The period in which remaining university places are allocated to remaining students.
7. (soccer) The act of removing the ball from one's own goal area by kicking it.