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clearinghouse

[kleer-ing-hous] /ˈklɪər ɪŋˌhaʊs/
noun, plural clearinghouses
[kleer-ing-hou-ziz] /ˈklɪər ɪŋˌhaʊ zɪz/ (Show IPA)
1.
a place or institution where mutual claims and accounts are settled, as between banks.
2.
a central institution or agency for the collection, maintenance, and distribution of materials, information, etc.
Also, clearing house.
Origin
1825-1835
1825-35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for clearing house

clearing house

noun
1.
(banking) an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable
2.
a central agency for the collection and distribution of information or materials
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for clearing house
clearinghouse
1832, from clearing + house. The original was established 1775 in London by the bankers for the adjustment of their mutual claims for checks and bills; later the word was extended to similar institutions.
Online Etymology Dictionary, © 2010 Douglas Harper
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