clearing bank

noun

Definition of clearing bank

British

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

Word by Word Definitions

clearingplay
  1. :  the act or process of making or becoming clear

    :  a tract of land cleared of wood and brush

    :  the settlement of accounts or exchange of financial instruments especially between banks

bankplay
  1. :  a mound, pile, or ridge raised above the surrounding level: such as

    :  a piled-up mass of cloud or fog

    :  an undersea elevation rising especially from the continental shelf

  1. :  to build a raised border of earth around :  to raise a bank (see 1bank 2) about

    :  to cover (as a fire) with fresh fuel and adjust the draft of air so as to keep in an inactive state

    :  to build (a curve) with the roadbed or track inclined laterally upward from the inside edge

  1. :  an establishment for the custody, loan, exchange, or issue of money, for the extension of credit, and for facilitating the transmission of funds

    :  the table, counter, or place of business of a money changer

    :  a person conducting a gambling house or game

  1. :  to manage a bank

    :  to deposit money or have an account in a bank (see 3bank 1a)

    :  to deposit or store in a bank

  1. :  a group or series of objects arranged together in a row or a tier : such as

    :  a set of elevators

    :  a row or tier of telephones


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a brief usually trivial fact

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