As we delve into the world of finance, it is essential to understand the concept of "cleared" in terms of customs. This refers to the process in which goods are officially approved for import or export by the relevant authorities. It is a crucial step in international trade, ensuring compliance with regulations and facilitating the movement of goods across borders. Think of it as a clearance for your finances, allowing for smooth transactions and compliance with legal requirements. Keep this in mind as we explore further financial concepts together.
