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clearly-erroneous standard.The standard of review that an appellate court usu. applies in judging a trial court’s treatment of factual issues. • Under this standard, a judgment will be upheld unless the appellate court is left with the firm conviction that an error has been committed. [Cases: Appeal and Error  1008.1(5), 1009(1); Criminal Law  1158(1). C.J.S.…

clearings.Banking. Checks or other items drawn on a local bank and presented for payment through a clearing-house or directly to the drawee bank. See CLEARINGHOUSE(1). [Cases: Banks and Banking  137, 168, 320.C.J.S. Banks and Banking §§ 327–328, 330, 406–407, 420,422–424, 649.] [Blacks Law 8th]

clearing loan.See LOAN. [Blacks Law 8th]

clearinghouse. 1. A place where banks exchange checks and drafts and settle their daily balances; an association of banks or other payors regularly clearing items. See UCC § 4-104(a)(4). [Cases: Banks and Banking  318–323. C.J.S. Banks and Banking §§ 647–649.] 2. A stock-and-commodity exchange where the daily transactions of the brokers are cleared. 3. Any…

clearing corporation.See CORPORATION. [Blacks Law 8th]

clearing agreement.A contract whose purpose is to facilitate the collective settlement of monetary claims be-tween creditors and debtors in different currency areas, without resort to foreign-exchange reserves.[Blacks Law 8th]

clearing agent.See AGENT(2). [Blacks Law 8th]

clearing account.Banking. An account (usu. a temporary one) containing amounts to be transferred to another account before the end of an accounting period.

clearing. 1.Banking. The exchanging of checks and balancing of accounts. 2.Maritime law. The departure of a ship from port, after complying with customs, health laws, and other local regulations. See CLEARANCE(1). [Cases: Shipping  7, 15. C.J.S. Shipping §§ 11, 18–20.][Blacks Law 8th]

Clearfield Trust doctrine. The doctrine describing the federal courts’ power to make federal common law when there is both federal lawmaking power to do so and a strong federal interest in a nationally uniform rule. Clearfield Trust Co. v. United States, 318 U.S. 363, 63 S.Ct. 573 (1943). Cf. ERIE DOCTRINE . [Cases: Federal Courts …