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Audio English.org » Dictionary » C » Clean Slate ... Clematis

CLEARING HOUSE

Pronunciation (US): 

 Dictionary entry overview: What does clearing house mean? 

CLEARING HOUSE (noun)
  The noun CLEARING HOUSE has 1 sense:

1. a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted

  Familiarity information: CLEARING HOUSE used as a noun is very rare.


 Dictionary entry details 


CLEARING HOUSE (noun)


Sense 1clearing house [BACK TO TOP]

Meaning:

A central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("clearing house" is a kind of...):

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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