Clearing house

Clearing house
Clearing Clear"ing, n. 1. The act or process of making clear. [1913 Webster]

The better clearing of this point. --South. [1913 Webster]

2. A tract of land cleared of wood for cultivation. [1913 Webster]

A lonely clearing on the shores of Moxie Lake. --J. Burroughs. [1913 Webster]

3. A method adopted by banks and bankers for making an exchange of checks held by each against the others, and settling differences of accounts. [1913 Webster]

Note: In England, a similar method has been adopted by railroads for adjusting their accounts with each other. [1913 Webster]

4. The gross amount of the balances adjusted in the clearing house. [1913 Webster]

{Clearing house}, the establishment where the business of clearing is carried on. See {above}, {3}. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Clearing house — may refer to: Clearing house (finance) Clearinghouse (GIS) Clearing House (EU), an EU intelligence body Clearing House, California Railway Clearing House A computer reservations system for an airline Publishers Clearing House Biosafety Clearing… …   Wikipedia

  • Clearing House — Clearing House, Railway Clearing House (Abrechnungsbureau), organisierte Vereinigung der Bahnen Großbritanniens mit dem Sitz in London zur Schaffung von Erleichterungen für den durchgehenden Verkehr, insbesondere zur Abrechnung der… …   Enzyklopädie des Eisenbahnwesens

  • clearing house — A body through which futures or commodity trading takes place. It monitors transactions and provides a system for financial settlement. For exchange contracts, namely, transactions conducted through clearing houses, the clearing house also acts… …   Law dictionary

  • clearing house — clearing houses also clearing house 1) N COUNT If an organization acts as a clearing house, it collects, sorts, and distributes specialized information. The centre will act as a clearing house for research projects for former nuclear scientists.… …   English dictionary

  • clearing house — n 1.) a central office where banks exchange cheques and other financial documents 2.) an office that receives and gives out or sells information or goods for several other organizations ▪ a clearing house for data on comets and asteroids …   Dictionary of contemporary English

  • Clearing House — Clearing House, s. Eisenbahnabrechnungsbureau …   Lexikon der gesamten Technik

  • clearing house — ► NOUN 1) a bankers establishment where cheques and bills from member banks are exchanged. 2) an agency which collects and distributes information …   English terms dictionary

  • clearing house — An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and… …   Financial and business terms

  • Clearing House — An agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery and reporting trading data. Clearing houses act as third parties to… …   Investment dictionary

  • clearing house — A centralized and computerized system for settling indebtedness between members. The best known in the UK is the Association for Payment Clearing Services (APACS), which enables the member banks to offset claims against one another for cheques… …   Big dictionary of business and management

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”