clearing bank
Britishnoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
When a foreign company transfers funds, the U.S. clearing bank effectively deletes dollars from the foreign company’s account and adds them to the other party’s.
From The Wall Street Journal ● Sep. 6, 2026
On Sunday, a consortium of investors led by The Bank of London, a clearing bank, submitted a formal bid to buy SVB UK.
From BBC ● Mar. 12, 2023
A consortium of investors led by The Bank of London, a clearing bank, said it had submitted a formal bid.
From BBC ● Mar. 12, 2023
JPMorgan was Lehman's main clearing bank, acting as a go-between in its dealings with other parties.
From Reuters ● May 10, 2011
A. This bank might be called strictly a clearing bank.
From Readings in Money and Banking Selected and Adapted by Chester Arthur Phillips
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
