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TeachMeFinance.com - explain Outclearer historic definition... Outclearer -- The name given to the clerk in a bank in Great Britain who arranges, makes a record of and takes to the clearing house items (checks, drafts, etc.) for collection from other banks. The corresponding clerk in a bank in New York is called settling clerk. Also see Inclearer. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.