clearing bank

noun

Definition of clearing bank

British
: any bank that uses a clearinghouse (a business that exchanges checks and money between banks)

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“Clearing bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/clearing%20bank. Accessed 20 Oct. 2020.

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Britannica English: Translation of clearing bank for Arabic Speakers

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