clearing house

clearing house

or

clearinghouse

n

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

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.

Translations

chambre de compensation

clearing house

n (Fin) → camera di compensazione

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995