clearing house

Noun

Meaning

a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted

Source: WordNet

Synonyms

reserve bank commercial bank mutual savings bank

Hypernyms

financial institution financial organisation financial organization

Related terms

inclearing outclearing

Examples

By 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

Close letter words and terms

clearing device clearing hook clearing hospital clearing it up clearing nut clearing of urban slums