clearing-house


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clear·ing-house

or clear·ing·house (klîr′ĭng-hous′)
n.
An office where banks exchange checks and drafts and settle accounts.
References in periodicals archive ?
Amazingly enough, near the end of his lecture Warburg (1908: 150) recommended, "a central clearing house, with power to issue against clearing-house certificates, notes to be guaranteed by the United States.
If they paid out such moneys, only some form of unlawful moneys, "redeemable at the clearing-house," would come back (Sprague 1910: 257).
The Clearing House Payments Company provides payment, clearing, and settlement services to its member banks and other financial institutions, clearing almost $2 trillion daily and representing nearly half of the automated clearing-house, funds transfer and check image payments made in the U.

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