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clearing bank |
Also found in: Wikipedia, Hutchinson | 0.05 sec. |
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clearing bank n (Economics, Accounting & Finance / Banking & Finance) (in Britain) any bank that makes use of the central clearing house in London for the transfer of credits and cheques between banks How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Its members included senior representatives of the two clearing banks for government securities (J. Clearing banks are not required to hold 100 percent liquid reserves against checkable deposits. Clearing banks may also implement an automated signature verification system or visual verification by comparing the image with the original signature card to determine authenticity of the client signature. |
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