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Definition of Clearing house
1. Noun. A central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted.
Definition of Clearing house
1. Noun. A central point where clearing banks exchange checks etc and settle accounts ¹
2. Noun. (figuratively by extension) A hub of goods traffic ¹
3. Noun. (context: GIS) A repository structure, physical or virtual, that collects, stores, and disseminates information, metadata, and data ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Clearing House
Literary usage of Clearing house
Below you will find example usage of this term as found in modern and/or classical literature:
1. Cyclopaedia of Political Science, Political Economy, and of the Political by John Joseph Lalor (1883)
"The New York clearing house was founded Oct. 11, 1853, with 52 banks. This number
was reduced after the panic of 1857, to 47; rose to 60 in 1873; ..."
2. The Yale Review by Yale University, George Park Fisher, George Burton Adams, Henry Walcott Farnam, Arthur Twining Hadley, John Christopher Schwab, William Fremont Blackman, Edward Gaylord Bourne, Irving Fisher, Henry Crosby Emery, Wilbur Lucius Cross (1894)
"These are certificates of deposit issued by the clearing house to any bank that
needs them, and secured by such securities as may be acceptable to the ..."
3. Railway Economy: A Treatise on the New Art of Transport, Its Management by Dionysius Lardner (1850)
"At the central clearing-house, where the two statements of accounts, black and red
... The central clearing-house havi-ng opened an account with each of the ..."
4. Library Journal by American Library Association, Library Association (1898)
"A STATE LIBRARY CLEARING-HOUSE FOR INDIANA. WE HENRY, state librarian of Indiana,
... The state library will act as a clearing-house for all duplicates of ..."
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