Meaning of the word "clearing house" in English
What does "clearing house" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
clearing house
US /ˈklɪrɪŋ haʊs/
UK /ˈklɪrɪŋ haʊs/
Noun
1.
an agency or organization that collects and distributes information or items
Example:
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The research institute acts as a clearing house for scientific data.
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The organization serves as a clearing house for job opportunities in the region.
2.
a financial institution that facilitates the exchange of payments, securities, or derivatives between financial institutions
Example:
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The bank uses a clearing house to settle its daily transactions.
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Central banks often oversee the operations of a clearing house.
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