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Clearing house

A central point where clearing banks and other financial firms exchange checks, settle accounts, etc.

📖 Definitions of "Clearing house"

noun
  1. 1

    A central point where clearing banks and other financial firms exchange checks, settle accounts, etc.

  2. 2

    (by extension) A hub of goods traffic

  3. 3

    (GIS) A repository structure, physical or virtual, that collects, stores, and disseminates information, metadata, and data

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