Definition of clearing bank in English:

clearing bank

Line breaks: clear|ing bank

noun

British
  • A bank which is a member of a clearing house.
    More example sentences
    • That has always been the situation with the universal banks of jurisdictions like Germany, but in England the clearing banks and merchant banks were for over a century institutionally separate.
    • Much of the recommendations have been acted upon, and in the UK, the Financial Services Authority, Bank of England and clearing banks have all co-operated to raise standards of internal controls and compliance.
    • It is one of the smaller clearing banks.

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Word of the day grotesquerie
Pronunciation: grəʊˈtɛskəri
noun
grotesque quality or grotesque things collectively