clearing house Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "clearing house" - Business English Dictionary

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
lap

to go past someone in a race who has been round the track one less time than you

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

exoskeleton noun
exoskeleton noun
July 27, 2015
a robotic device which goes around the legs and part of the body of a person who cannot walk and allows them to move independently and in an upright position The device, known as an exoskeleton, is strapped to the outside of a person’s limbs and can then be controlled by them.

Read More