clearing bank

noun

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

Dictionary Entries Near clearing bank

Cite this Entry

“Clearing bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/clearing%20bank. Accessed 19 Jul. 2024.

More from Merriam-Webster on clearing bank

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!