Clearinghouse (noun) Definition, Meaning & Examples

Admin
noun, plural clear·ing·hous·es [kleer-ing-hou-ziz]. /ˈklɪər ɪŋˌhaʊ zɪz/.
  1. a place or institution where mutual claims and accounts are settled, as between banks.
  2. a central institution or agency for the collection, maintenance, and distribution of materials, information, etc.
noun
  1. an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable
  2. a central agency for the collection and distribution of information or materials
Clearinghouse (noun) Definition, Meaning & Examples

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