Meaning of CLEARING HOUSE
 WordNet Dictionary |
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| | Definition: | | [n] a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted |
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| | See Also: | | financial institution, financial organisation, financial organization | |
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| | Related Terms: | | bank, Bank of England, Bank of France, branch bank, central bank, commercial bank, farm loan bank, federal land bank, Federal Reserve bank, International Monetary Fund, investment bank, Lombard Street bank, member bank, moneyed corporation, mutual savings bank, national bank, nonmember bank, reserve bank, savings bank, state bank, Swiss bank, trust company, World Bank |
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