CLEARING HOUSE

 I. (noun) 

Sense 1

Meaning:

A central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("clearing house" is a kind of...):

financial institution; financial organisation; financial organization (an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets)

Credits