clearing house

clearing house

Noun

1. 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

2. a central agency for the collection and distribution of information or materials

Thesaurus

Noun

1.

clearing house - a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets

Translations

clearing house n (COMM) → cámara de compensación

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clearing house clear n (Comm) → Clearingstelle f

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clearing house n (COMM) → camera di compensazione