clearing house
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Related to clearing house: Clearing House Interbank Payments System, Automated Clearing House
clearing house
orclearinghouse
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
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Noun | 1. | ![]() 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 |
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Translations
clearing house
n (Fin) → camera di compensazioneCollins Italian Dictionary 1st Edition © HarperCollins Publishers 1995