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clearing house
clea
ˈklɪ
kli
ring
rɪng
ring
house
haʊs
haws
/klˈiəɹɪŋ hˈaʊs/

Definition & Meaning of "clearing house"in English

Clearing house
01

a financial institution that oversees exchanging cheques and other financial transactions

Examples
The clearing house acts as an intermediary between buyers and sellers in financial markets, facilitating the settlement of transactions.
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Nearby Words
clearing
clearance
clear-cut
clear up after
clear up
clearly
cleat
cleats
cleavage
cleave
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