cleared funds



  • (written as Cleared Funds)
    The amount of money in an account that is available for withdrawal or investment. Funds that exist in a checking or brokerage account that are not yet available are referred to as pending. Funds may remain pending due to verification of the source of the funds, or due to regulatory compliance in the case of large quantities of money.

Real Estate

  • noun a payment made to a person or company in a form such as cash or a banker’s draft, which does not need to be transferred from one bank account to another taking several working days