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clearinghouse

or clear·ing house

[ kleer-ing-hous ]
/ ˈklɪər ɪŋˌhaʊs /
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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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

British Dictionary definitions for clearinghouse

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
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
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