clearing banknoun [ C ]uk /ˈklɪə.rɪŋ ˌbæŋk/ us /ˈklɪr.ɪŋ ˌbæŋk/ UK
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(Definition of “clearing bank” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)
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a delicate, soft type of cloth made from a thread produced by silkworms, or the thread itself