clearing house
Pronunciation
/klˈɪɹɪŋ hˈaʊs/

Definition & Meaning of "clearing house"in English

Clearing house
01

a financial institution that oversees exchanging cheques and other financial transactions

Grammatical Information
Animacy status
Inanimate
Composition
Compound
Countable
Plural form
clearing houses
Examples
The clearing house acts as an intermediary between buyers and sellers in financial markets, facilitating the settlement of transactions.
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