clearinghouse

noun

  • Business (Corporate) Law/Company Law
  • Banking and Finance

Definitions of clearinghouse

  • a central office used by banks to settle their daily balances (eg by collecting and sending out money and cheques etc)

    It should be impossible for a clearinghouse to run into trouble if the market moves against it.

This is a limited preview — please sign in or subscribe to learn everything we know about the term “clearinghouse”.

Phrase Bank for clearinghouse