Noun
a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
Source: WordNetBy November 1954, it had become clear that the Soviet Union would reject any international custody of fissile material, but that a clearing house for nuclear transactions might be possible. Source: Internet
Baszler missed out but still was made to look strong, clearing house with eight eliminations herself in a matter of moments after she came out at No 30. Source: Internet
I won the publishers’ clearing house sweepstakes last week. Source: Internet
After a decade running Europe’s largest equities clearing house, Chan is driving competition within clearing across the region. Source: Internet
It is obvious that NYS is a clearing house for election finances. Source: Internet
The use of cheques to make payment could witness further decline in volume, following the addition of the Automated Clearing House Direct Credit, Near Real Time payment channel. Source: Internet