- clearing house as a noun:
- 1
clearing house
noun
1 clearing house
A central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted.
Moby thesaurus: Bank of England, Bank of France, Federal Reserve bank, International Monetary Fund, Lombard Street bank, Swiss bank, World Bank, bank, branch bank, central bank, commercial bank, farm loan bank, federal land bank, investment bank, member bank, moneyed corporation, mutual savings bank, national bank, nonmember bank, reserve bank ... show more.
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