What is the meaning of clearing house?

(1) an agency operated by financial organizations to exchange and pay checks drawn on each other. (2) an organization connected with a commodity exchange through which all futures contracts are reconciled, settled, guaranteed, and later either offset or fulfilled through delivery of the commodity, and through which financial settlements are made.

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APABarry Goldsmith. (2010). clearing house. Retrieved September 23, 2026, from http://smartdefine.org/clearing_house/definitions/1149971
ChicagoBarry Goldsmith. 2010. "clearing house" http://smartdefine.org/clearing_house/definitions/1149971 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, clearing house, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/clearing_house/definitions/1149971>.
MLABarry Goldsmith. "clearing house" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/clearing_house/definitions/1149971>
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