HyperDic: clearing_house

English > 1 sense of the expression clearing house:
NOUNgroupclearing housea central collection place where banks exchange checks or drafts
English > clearing house: 1 sense > noun 1, group
MeaningA central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted.
Broaderfinancial institution, financial organization, financial organisationAn institution (public or private) that collects funds (from the public / public or other institutions) and invests them in financial assets
Spanishcámara de compensación

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