das Kontenclearing
Translation
account clearing
Examples
Das Kontenclearing zwischen den Banken dauert einen Tag.
The account clearing between the banks takes one day.
Das System automatisiert das Kontenclearing.
The system automates the account clearing.
Grammar Patterns
((das Kontenclearing)) ((zwischen+3)) the account clearing between... The account clearing between the banks is complex.
Similar Words
Synonyms: Kontenabstimmung (account reconciliation), Verrechnung (settlement)
Etymology
A German compound of 'Konten' (accounts) and the English word 'Clearing'.
Memory Tips
Literally 'accounts clearing'. It combines a German word you might know, 'Konten', with an English one, 'Clearing'.