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Related to clearing house: Clearing House Interbank Payments System, Automated Clearing House
1. (Banking & Finance) 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
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|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|