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clearing house
noun
- banking an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable
- a central agency for the collection and distribution of information or materials
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Example Sentences
I met him striding toward the building that seemed to be a clearing house for the official contingent.
Be that as it may, the Railway Clearing House, as a practical entity, came into being in 1842.
"Oh, they probably have a local clearing house for the trade," said Tunstal, learned in wickedness.
This bureau acted as a welfare clearing house for all social agencies working for the betterment of the colored people.
Thus a nerve, a wire, a roadway, and a clearing-house are only varying channels which communication forces for itself.
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