clearinghouse

Or clear·ing house

[kleer-ing-hous]

noun

plural

clearinghouses 

1. a place or institution where mutual claims and accounts are settled, as between banks.

2. a central institution or agency for the collection, maintenance, and distribution of materials, information, etc.

Word History and Origins

Origin of clearinghouse¹

First recorded in 1825–35

Example Sentences

Polymarket also acquired a small U.S.-licensed exchange and clearinghouse as part of its effort to re-enter the American market.

Read more on The Wall Street Journal

The team also poured millions into NIL deals consummated before the House settlement so that players could benefit prior to the NCAA’s clearinghouse, NIL Go, going into effect July 1.

Read more on Los Angeles Times

"India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs," Navarro wrote.

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That’s who Superman né Cain says ICE is pursuing — the oft repeated “worst of the worst” — but Syracuse University’s Transactional Records Access Clearinghouse found that 71% of people currently held in ICE detention have no criminal records as of July 27 .

Read more on Los Angeles Times

Deals of $600 or more are evaluated by a clearinghouse called NIL Go to ensure they represent fair market value and a legitimate business purpose.

Read more on Los Angeles Times