clearinggerund / present participle Used attributively to describe something that is becoming clear or free of obstructions (e.g., "clearing sky").
Definitions
Becoming free from clouds, mist, obstruction, or confusion; improving in clarity. The hikers welcomed the clearing weather after hours of rain.
Attributive use before nouns, especially in financial contexts (e.g., clearing bank, clearing system).
Definitions
Relating to or involved in the settlement of financial transactions. A clearing bank must maintain sufficient reserves to honor its clients' cheques.