clearing house definition

  • noun:
    • A central point in which clearing finance companies exchange checks an such like and settle reports
    • A hub of products traffic
    • A repository framework, real or digital, that accumulates, stores, and disseminates information, metadata, and information
    • the institution where company of clearing is carried on. See above, 3.
    • a central collection place in which banking institutions exchange inspections or drafts; members preserve a merchant account against which credits or debits tend to be published

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