What, exactly, does 'cleared' mean (in the context of reconciling)?

[Eric Hanchrow]

I'm rewriting a tiny piece or two of the documentation, and now I'm
looking at the stuff about reconciling your accounts
(xacc-recnwin.sgml).  I'd like to write an explanation of what the
letter 'c', in the reconcile window, means ... but I don't know.  I
*think* it means that I've somehow ascertained that my bank is aware
of the transaction, but I have not yet seen it on my monthly
statement.  I cannot find any documentation that explains this.
(xacc-recnwin tries to explain it, but gets it wrong.)

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