What is the definition of Bilateral clearing agreement? | Dictionary.net

BILATERAL CLEARING AGREEMENT

\ba͡ɪlˈatəɹə͡l klˈi͡əɹɪŋ ɐɡɹˈiːmənt], \ba‍ɪlˈatəɹə‍l klˈi‍əɹɪŋ ɐɡɹˈiːmənt], \b_aɪ_l_ˈa_t_ə_ɹ_əl k_l_ˈiə_ɹ_ɪ_ŋ ɐ_ɡ_ɹ_ˈiː_m_ə_n_t]\

Definitions of BILATERAL CLEARING AGREEMENT

1910 - Black's Law Dictionary (2nd edition)

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Trading done between government agencies for a limited time. Its expressed in the major currency even though both countries get paid their currency. It is disruptive according to the free trade.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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