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English definition of “clearing bank”

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clearing bank

noun [C]
 
 
( also clearer) BANKING
in the UK, one of the main banks, that can exchange cheques and other payments between customers of other banks: The four clearing banks in Scotland are Bank of Scotland, Clydesdale Bank, Lloyds TSB and the Royal Bank of Scotland.
Translations of “clearing bank”
in Chinese (Traditional) 票據交換銀行, 清算銀行…
in Chinese (Simplified) 票据交换银行, 清算银行…
(Definition of clearing bank from the Cambridge Business English Dictionary © Cambridge University Press)
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