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clearing house

noun

  1. banking 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
“Collins English Dictionary — Complete & Unabridged†2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

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His library, the Carter Presidential Center, became an influential clearing house of ideas and programmes intended to solve international problems and crises.

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It is not clear that Mr. Trump is done clearing house.

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Organizers say the Expo was always designed as a clearing house for far out ideas but there have been times when its open-minded, anything-goes attitude has gone too far.

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Under the rule, more trades would be sent to a clearing house, requiring counterparties to put up cash to guarantee execution in the event of defaults.

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To ensure additional sources of revenue, Yellen reiterated that she supported "harnessing windfall proceeds from Russian sovereign assets immobilized in particular clearing houses and using the funds to support Ukraine."

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