Clearing - what is it? The meaning of a word, definition, origin, translation

Clearing (emphasis on the first "and") is a system of mutual settlements between enterprises, based on non-cash transfers to the account of services rendered to each other. The English word "clearing" comes from "clear" - "clean", which seems to hint at clearing up mutual debts between companies. But let's look at an example:

Let's say the Yaroslavl tire plant supplies its tires to AvtoVAZ, okay? And while own managers shinniki with some fright decided to transplant the cars of the Volga auto giant, a piece of masochists. It turns out that the payment for tires AvtoVAZ can partially do by clearing, subtracting the debt of the tire manufacturers for the "cars" delivered to Yaroslavl. As a result, there is a kind of barter, which, however, is held on accounts in money terms.

Clearing is listed: Finance