Definition of clearing house noun from the Oxford Advanced Learner's Dictionary


    clearing house

    BrE BrE//ˈklɪərɪŋ haʊs//
    ; NAmE NAmE//ˈklɪrɪŋ haʊs//
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  1. 1a central office that banks use in order to pay each other money and exchange cheques, etc.
  2. 2an organization that collects and exchanges information on behalf of people or other organizations See related entries: Economy
See the Oxford Advanced American Dictionary entry: clearing house