clearing house - definition in the Business English Dictionary - Cambridge Dictionaries Online

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

kick off

the time when a game of football starts, or when it begins again after it has stopped because of a goal, etc.

Word of the Day

She’s got very good posture. (How we stand and sit)

by Liz Walter,
May 27, 2015
Recently on this blog, we looked at the words that we use to describe the way we move. This week we’re looking at words for describing our bodies when they are still, whether we are standing or sitting. Since most of us do far too much of this, let’s start with sitting.

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More