clearance time

Definitions

1. 1

   The amount of time it takes from the initiation of a process until it is completed.

   • The question of clearance time is important, too, in avoiding overdraft penalties.
   • Depending on local clearing house practices and distances of Federal Reserve banks from depository banks, average clearance time is generally from 1 to 3 days, and transfers to the Treasury have to b e geared to such variable time factors.
2. 2

   The amount of time it takes to empty something out.

   • Econometric models have been developed for incident clearance time, which will help freeway incident management agencies to rationalize the deployment of their incident-response resources.
   • On the other hand, WSP measured clearance time based on when all lanes were clear.
3. 3

   The amount of additional time (clearance) allotted in a situation.

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