What is the meaning of 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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APAWordNet. (2010). clearing house. Retrieved September 20, 2026, from http://smartdefine.org/clearing_house/definitions/1222561
ChicagoWordNet. 2010. "clearing house" http://smartdefine.org/clearing_house/definitions/1222561 (accessed September 20, 2026).
HarvardWordNet 2010, clearing house, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/clearing_house/definitions/1222561>.
MLAWordNet. "clearing house" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/clearing_house/definitions/1222561>
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