The process by which a payment made by cheque, etc., through the banking system is transferred from the payer's to the payee's account Historically, in the UK the average time for the clearing cycle to be completed was three days, although by 1994 this had been reduced to two days in many cases. However, with this reduction in the cycle, the payee's bank may not have received confirmation from the payer's bank that funds are available to provide value, cleared for fate

• accounting exposure
• accounting package
• accounting period
• accounting principles
• accounting rate of return
• Accounting Standards Board
• account payee only
• accounts
• accounts payable
• accounts receivable
• accreting cap
• accreting swap
• accrual
• accruals concept
• accrued benefits
• accrued charge
• accrued income scheme
• accrued interest
• accumulated depreciation
• accumulated dividend
• accumulated profits
• accumulating shares
• accumulation
• accumulation area
• accumulation trust