Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “clearing house”

See all translations

clearing house

noun [C]
 
 
( also clearer)
FINANCE, STOCK MARKET an organization that other organizations use for managing payments relating to buying and selling investments: All members of an exchange are required to clear their trades through the clearing house at the end of each trading session. The International Commodities Clearing House is based in London.
( also clearing agent) BANKING an organization that is responsible for exchanging cheques between banks: Electronic payments include credit and debit cards, as well as automated clearing house payments. The New York Clearing House Association is the nation’s first and largest bank clearing house.
(Definition of clearing house from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of clearing house?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “clearing house”

Definitions of “clearing house” in other dictionaries

Word of the Day

lamb

a young sheep, or the flesh of a young sheep eaten as meat

Word of the Day

The way we move (Verbs for walking and running)

by Kate Woodford,
March 25, 2015
​​​ This week we’re looking at interesting ways to describe the way that people move. Most of the verbs that we’ll be considering describe how fast or slow people move. Others describe the attitude or state of mind of the person walking or running. Some describe both. Starting with verbs for walking slowly,

Read More 

crossfit noun

March 23, 2015
high-intensity strength training Two women in strappy dresses discussed how much weight they could snatch

Read More