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Meaning of “clearing bank” in the English Dictionary

"clearing bank" in Business English

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clearing banknoun [C]

uk   us   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.
(Definition of clearing bank from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “clearing bank”
in Chinese (Simplified) 票据交换银行, 清算银行…
in Chinese (Traditional) 票據交換銀行, 清算銀行…
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