clearing house (redirected from clearing houses)

clearing house

n

1. (Economics, Accounting & Finance / 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

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 (Fin) → camera di compensazione

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clearing house n (Fin) → camera di compensazione