Ledger balance and clear balance are terms used by banks to describe the cash position of a checking account. Here are the definitions of ledger balance and clear balance based on the search results:

• Ledger balance: The ledger balance, or current balance, is the opening amount of money in a given checking account each morning, and remains the same throughout the day. It is calculated at the end of each business day after all credits, withdrawals, and interest from a bank account have been processed.

• Clear balance: The clear balance, or available balance, is the amount of money in an account that is available for withdrawal at any given moment. It takes into account all debits and credits from transactions that havent been posted to bank accounts yet. Any financial activities such as customer deposits or withdrawals will change the available balance immediately, even if they havent been fully processed yet. The available balance thus changes every time the account holder makes any financial transaction.

In summary, the ledger balance is the balance updated at the start of a business day, while the clear balance is the aggregate funds accessible for withdrawal at any one point. The ledger balance shows the total amount of money in an account, but the total amount of funds may not be ready to use. The clear balance, on the other hand, is the amount of money that is available for immediate use.