or clear·ing house
noun, plural clear·ing·hous·es [kleer-ing-hou-ziz] /ˈklɪər ɪŋˌhaʊ zɪz/.
a place or institution where mutual claims and accounts are settled, as between banks.
a central institution or agency for the collection, maintenance, and distribution of materials, information, etc.
Origin of clearinghouse
First recorded in 1825–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012