Oxford Dictionary English

    clearing house

    noun
    noun
    BrE BrE//ˈklɪərɪŋ haʊs//
    ; NAmE NAmE//ˈklɪrɪŋ haʊs//
    Economy
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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 clearing house in the Oxford Advanced American Dictionary
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