GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:17 Jul 17, 2019 |
Arabic to English translations [PRO] Bus/Financial - Finance (general) / clear transaction | |||||||
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| Selected response from: Ayman Massoud Egypt Local time: 23:05 | ||||||
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Summary of answers provided | ||||
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3 +1 | إجازة/إقرار المعاملة |
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4 | تصفية المعاملة / تسوية المعاملة |
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4 | إتمام المعاملة |
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إجازة/إقرار المعاملة Explanation: إجازة المعاملة إقرار المعاملة |
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تصفية المعاملة / تسوية المعاملة Explanation: . |
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إتمام المعاملة Explanation: 'clear' here means that the payment is to be authenticated by the bank as real. ................................................................................................................ In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another. Clearing houses were formed to facilitate such transactions among banks. https://en.wikipedia.org/wiki/Clearing_(finance) ........................................................................................................ |
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