Word: Clearinghouse
Noun
Definitions:
1. A bankers' establishment where checks and bills from member banks are exchanged, so that only the balances need be paid in cash.
Example sentences: "It simply remits the cheque to the drawee bank through the clearing house, and transmits an advice of the receipt of the cheque to the collecting bank."
Derivations:
clearing
Keep in Mind
Images related to Clearinghouse
Clearinghouse in Other Languages...
Spanish:
German: Clearingstelle
French:
Italian:
Turkish: Takas
