clearing house



  • noun a central office where clearing banks exchange cheques, or where stock exchange or commodity exchange transactions are settled


  • (written as Clearing House)
    A corporation or organization through which all transactions in a currency exchange or other market exchange are executed. Counterparties buying or selling currencies, options, derivatives, or other instruments must deliver the payment or asset to the clearing house, which is responsible for verifying delivery, settling payments, and completing the transaction.

Information & Library Science

  • noun an agency or central office where information from various sources is pooled