or clear·ing house
[ kleer-ing-hous ]
/ ˈklɪər ɪŋˌhaʊs /
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.
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Origin of clearinghouse
First recorded in 1825–35
Words nearby clearinghouse
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for clearing house
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