Adjacent Words

clearing house definitions

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WordNet (r) 3.0 (2005)

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

Webster's 1913 Dictionary

Clearing Clear"ing, n. 1. The act or process of making clear. The better clearing of this point. --South. 2. A tract of land cleared of wood for cultivation. A lonely clearing on the shores of Moxie Lake. --J. Burroughs. 3. A method adopted by banks and bankers for making an exchange of checks held by each against the others, and settling differences of accounts. Note: In England, a similar method has been adopted by railroads for adjusting their accounts with each other. 4. The gross amount of the balances adjusted in the clearing house. Clearing house, the establishment where the business of clearing is carried on. See above, 3.

Collin's Cobuild Dictionary

also clearing-house(clearing houses) 1. If an organization acts as a clearing house, it collects, sorts, and distributes specialized information. The centre will act as a clearing house for research projects for former nuclear scientists. N-COUNT 2. A clearing house is a central bank which deals with all the business between the banks that use its services. (BUSINESS) N-COUNT

Moby Thesaurus

Bank of England, Bank of France, Federal Reserve bank, International Monetary Fund, Lombard Street bank, Swiss bank, World Bank, bank, branch bank, central bank, commercial bank, farm loan bank, federal land bank, investment bank, member bank, moneyed corporation, mutual savings bank, national bank, nonmember bank, reserve bank, savings bank, state bank, trust company