WordValeexpression
clearing house
an institution that settles transactions between banks
In more detail
1. (noun) a financial institution or system that processes and settles transactions between banks or other financial organizations
2. (noun) a central place or organization that collects and distributes information or goods
Examples
- 1. The clearing house ensures that all checks are processed and payments are made between banks.
- 2. The website acts as a clearing house for job listings from multiple employers.
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