CLEARING HOUSE

IPA (US):

 Dictionary entry overview: What does clearing house mean? 

• CLEARING HOUSE (noun)
  The noun CLEARING HOUSE has 1 sense:

1. a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted

  Familiarity information: CLEARING HOUSE used as a noun is very rare.

 Dictionary entry details 

• CLEARING HOUSE (noun)

Sense 1

Meaning:

A central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("clearing house" is a kind of...):

financial institution; financial organisation; financial organization (an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets)