outclearing
Noun: In banking and finance, "outclearing" refers to the process of sending checks or other financial instruments from one bank or clearing house to the central clearing facility (such as a clearing house) for settlement. It specifically denotes the outward flow of items that a bank presents for clearing, as opposed to items received from other banks.
- (The department manages checks sent to the clearing house for settlement.)
- (More checks being sent for clearing suggests more financial exchanges.)
"outclearing balance": the net amount of funds owed to or from a bank based on checks sent outward for clearing.
- The outclearing balance showed a surplus after the daily settlement. (The bank had more checks sent than received, resulting in a positive balance.)
"outclearing process": the operational steps involved in sending checks to a clearing house.
- The outclearing process requires careful sorting and encoding of checks. (The steps include organizing and preparing checks for electronic or physical transfer.)
Outclear (verb): to send a check or financial instrument outward for clearing.
- The bank will outclear all checks before the noon deadline. (The bank will dispatch checks to the clearing house.)
Clearing (noun): the general process of exchanging and settling financial transactions between banks.
- Clearing ensures that funds move accurately between accounts.
Inclearing (noun): the opposite process — checks or items received from other banks for settlement.
- The bank processes both outclearing and inclearing items daily.
- Outward clearing: the act of sending items outward for settlement.
- Outgoing clearing: similar to outclearing, emphasizing the direction of items.
- (No common idioms exist for this specialized term.)
- (No phrasal verbs are directly associated with "outclearing," as it is primarily a noun.)