Definition of clearing:

part of speech: noun

Justification or defence; a tract of land prepared for cultivation; among bankers, the exchange of notes and drafts; among railway companies, the exchange of tickets and equitable division of the money received for them.

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A bundle or bale tied up for convenient carriage; a load; a set of playing cards; a body of hounds for hunting; a number of persons confederated, in an ill sense. ...