clearing house

noun

1. 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
2. a central agency for the collection and distribution of information or materials

Example Sentences

I met him striding toward the building that seemed to be a clearing house for the official contingent.

From Project Gutenberg

Be that as it may, the Railway Clearing House, as a practical entity, came into being in 1842.

From Project Gutenberg

"Oh, they probably have a local clearing house for the trade," said Tunstal, learned in wickedness.

From Project Gutenberg

This bureau acted as a welfare clearing house for all social agencies working for the betterment of the colored people.

From Project Gutenberg

Thus a nerve, a wire, a roadway, and a clearing-house are only varying channels which communication forces for itself.

From Project Gutenberg