Definition of clearing house in English:

clearing house

Line breaks: clear|ing house

noun

  • 1A bankers' establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash.
    More example sentences
    • It simply remits the cheque to the drawee bank through the clearing house, and transmits an advice of the receipt of the cheque to the collecting bank.
    • The clearing house for banks and building societies had planned to introduce an industry-wide scheme.
    • It has been busy with the task of improving their financial markets, starting with the demutualisation and merger of their two exchanges and their three clearing houses in March 2000.
  • 1.1An agency or organization which collects and distributes something, especially information: the Centre will act as a clearing house for information on local school programmes
    More example sentences
    • A seven million dollar system designed to help fight crime by acting as a clearing house for information held by the judiciary and law enforcement agencies is being developed, with the hope of implementing it at the end of next year.
    • The organization maintains an online database that serves as a clearing house of information for the global peatland-conservation community.
    • We're using NATO as a clearing house for information for individual countries.

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Word of the day coloratura
Pronunciation: ˌkɒlərəˈtjʊərə
noun
elaborate ornamentation of a vocal melody