clearing agreement

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.

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词条贡献者

译者Susanne，世界顶尖法学院国际税法专业，擅长翻译各种与联邦税务纠纷相关的法律文件。