Clearing house



a place or institution where mutual claims and accounts are settled, as between banks.
a central institution or agency for the collection, maintenance, and distribution of materials, information, etc.
Historical Examples

Bidwell’s Travels, from Wall Street to London Prison Austin Biron Bidwell
Torchy and Vee Sewell Ford
Readings in Money and Banking Chester Arthur Phillips
Lights and Shadows of New York Life James D. McCabe
A Simple Explanation of Modern Banking Customs Humphrey Robinson
Readings in Money and Banking Chester Arthur Phillips
Lights and Shadows of New York Life James D. McCabe
The Radio Detectives A. Hyatt Verrill
Land of the Burnt Thigh Edith Eudora Kohl
The New Gresham Encyclopedia. Vol. 1 Part 3 Various

noun
(banking) an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable
a central agency for the collection and distribution of information or materials

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