'Clearing house' definitions:
Definition of 'clearing house'
(from WordNet)
noun
A central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
Definition of 'Clearing house'
From: GCIDE
- Clearing \Clear"ing\, n.
- 1. The act or process of making clear. [1913 Webster]
- The better clearing of this point. --South. [1913 Webster]
- 2. A tract of land cleared of wood for cultivation. [1913 Webster]
- A lonely clearing on the shores of Moxie Lake. --J. Burroughs. [1913 Webster]
- 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. [1913 Webster]
- Note: In England, a similar method has been adopted by railroads for adjusting their accounts with each other. [1913 Webster]
- 4. The gross amount of the balances adjusted in the clearing house. [1913 Webster]
- Clearing house, the establishment where the business of clearing is carried on. See above, 3. [1913 Webster]
Synonyms of 'clearing house'
From: Moby Thesaurus
- bank,
- Bank of England,
- Bank of France,
- branch bank,
- central bank,
- commercial bank,
- farm loan bank,
- federal land bank,
- Federal Reserve bank,
- International Monetary Fund,
- investment bank,
- Lombard Street bank,
- member bank,
- moneyed corporation,
- mutual savings bank,
- national bank,
- nonmember bank,
- reserve bank,
- savings bank,
- state bank,
- Swiss bank,
- trust company,
- World Bank