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clearinghouse

play
noun clear·ing·house \-ˌhau̇s\

Simple Definition of clearinghouse

  • : a business that banks use to exchange checks and money between them

  • : an organization that collects and gives out information about a specific thing

Source: Merriam-Webster's Learner's Dictionary

Full Definition of clearinghouse

  1. 1 :  an establishment maintained by banks for settling mutual claims and accounts

  2. 2 :  a central agency for the collection, classification, and distribution especially of information; broadly :  an informal channel for distributing information or assistance

Examples of clearinghouse in a sentence

  1. an online clearinghouse for information on museums around the world



1792

First Known Use of clearinghouse

1792


Law Dictionary

clearinghouse

play
noun clear·ing·house \ˈklir-iŋ-ˌhau̇s\

Legal Definition of clearinghouse

  1. :  an institution that arranges for payment of checks owed by one bank to another





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