Clearinghouse Definition
kliriŋhous
clearinghouses
noun
An office maintained by a group of banks as a center for exchanging checks drawn against one another, for balancing accounts, etc.
Webster's New World
A central office, as for the collection and dissemination of information.
Webster's New World
A place where banks daily exchange the checks, drafts, and other forms of indebtedness that are held by one bank and owed to another, and settle their balances all at one time.
Webster's New World Law
A place where brokers in stock or commodities exchanges daily settle their debits and credits with one another.
Webster's New World Law
A place for the exchange of information concerning a specific topic.
Webster's New World Law
Other Word Forms of Clearinghouse
Noun
Singular:
clearinghouse
Plural:
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