CLEARING HOUSE • E-FREE TRANSLATION.COM • Definition of Clearing house

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/klˈɪrɪŋ haʊs/ Listen

Clearing house

noun

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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Etymology of 'Clearing house'

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"Clearing house" Quotes from Famous Books

... place in the home of the writer in 1896. The society meets once a month for the purpose of discussing the papers which each member in his turn is required to read. Representing as it does Lutherans of all kinds, species and varieties, it serves as a clearing house for the theological output of the members. It has been helpful in removing some of the misunderstandings that are liable to arise ...

— The Lutherans of New York - Their Story and Their Problems • George Wenner

... tuberculosis. Churches, rescue missions and the National League on Urban Conditions Among Negroes have offered relief in some of these cases. The last-named organization is serving in large cities as a sort of clearing house for such activities and as means of interpreting one race to the other. It has now eighteen branches in cities to which this migration has been directed. Through a local worker these migrants are approached, properly placed and supervised until they can adjust themselves to the community without ...

— A Century of Negro Migration • Carter G. Woodson

... witnessed a little comedy which would have gone far in wiping clean all trace of his uncle's disparaging remarks of the morning. He would have enjoyed, too, Parkins's amazement. As the Receiving Teller of the Exeter Bank reached the hall floor the President of the Clearing House—the most distinguished man in the Street and one to whom Breen kotowed with genuflections equalling those of Parkins—accompanied by his daughter and followed by the senior partner of Breen & ...

— Peter - A Novel of Which He is Not the Hero • F. Hopkinson Smith

Words linked to "Clearing house" : financial institution, financial organization, financial organisation