CLEARING HOUSE • DICCIONARIO INGLES.COM • Definition of Clearing house

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/klˈɪrɪŋ haʊs/ Listen

Clearing house

noun

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

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Etymology of 'Clearing house'

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"Clearing house" Quotes from Famous Books

... arrangements provide an admirable central clearing house, where supplies are inspected and sold under such conditions as to prevent the artificial raising of prices. It also acts as a feeder to the marches de quartier, to the great convenience of local consumers. Moreover the producer is safeguarded, ...

— A Terminal Market System - New York's Most Urgent Need; Some Observations, Comments, - and Comparisons of European Markets • Mrs. Elmer Black

... Alia from foaming at the mouth was because she was combing her Dutch braid. It—the book—was called a Rubaiyat by Omar Quinine, or something like that. This Omar party never wrote a comic opera in his life. But Alla wasn't discouraged, for she looked through every page in hopes of finding a Clearing House certificate, but not a leaf stirred. All she came across was a marked verse that went something ...

— The Sorrows of a Show Girl • Kenneth McGaffey

Words linked to "Clearing house" : financial organisation, financial institution, financial organization