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Home > Terms > English, UK (UE) > Clearing
Clearing
The procedure through which the clearing house or association becomes the buyer to each seller of a futures contract, and the seller to each buyer, and assumes responsibility for protecting buyers and sellers from financial loss by assuring performance on each contract.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Commodity exchange
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
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