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Meaning of “clearing house” in the English Dictionary

"clearing house" in British English

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clearing housenoun [C]

uk   /ˈklɪə.rɪŋ ˌhaʊs/  us   /ˈklɪr.ɪŋ ˌhaʊs/
(Definition of clearing house from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"clearing house" in Business English

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clearing housenoun [C]

uk   us   (also clearer)
FINANCE, STOCK MARKET an ​organization that other ​organizations use for ​managingpaymentsrelating to ​buying and ​sellinginvestments: All ​members of an ​exchange are ​required to ​clear their ​trades through the ​clearinghouse at the end of each ​tradingsession. The International Commodities Clearing ​House is ​based in London.
(also clearing agent) BANKING an ​organization that is ​responsible for ​exchangingcheques between ​banks: Electronic ​paymentsincludecredit and ​debitcards, as well as ​automatedclearinghousepayments. The New York Clearing ​House Association is the nation’s first and largest ​bankclearinghouse.
(Definition of clearing house from the Cambridge Business English Dictionary © Cambridge University Press)
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“clearing house” in Business English

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