CLEARING HOUSE • FREE-TRANSLATOR.COM • Definition of Clearing house

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/klˈɪrɪŋ haʊs/ Listen

noun

Clearing n.

The act or process of making clear. "The better clearing of this point."

A tract of land cleared of wood for cultivation. "A lonely clearing on the shores of Moxie Lake."

A method adopted by banks and bankers for making an exchange of checks held by each against the others, and settling differences of accounts. Note: In England, a similar method has been adopted by railroads for adjusting their accounts with each other.

The gross amount of the balances adjusted in the clearing house.

Clearing house, the establishment where the business of clearing is carried on. See above, 3.

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Etymology of 'Clearing house'

Collaborative International Dictionary of English 0.48

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"Clearing house" Quotes from Famous Books

... instantly approve of such a commission. It would not wish to see it empowered to make terms with monopoly or in any sort to assume control of business, as if the Government made itself responsible. It demands such a commission only as an indispensable instrument of information and publicity, as a clearing house for the facts by which both the public mind and the managers of great business undertakings should be guided, and as an instrumentality for doing justice to business where the processes of the courts or the natural forces of correction outside the courts are ...

— President Wilson's Addresses • Woodrow Wilson

... always been the most isolated, humdrum spot on earth. People stationed here nearly died of ennui; nothing ever happened, until all Europe suddenly was plunged into the conflagration of war, and then Berne became, of necessity, the clearing house for the continent for dispatches, mail, telegrams, money, prisoners, and refugees. Every telegram which the American Embassy in Paris sends to the Embassies in Germany, Austria, or Italy is directed: "American Legation, Berne. Repeat to ...

— The Note-Book of an Attache - Seven Months in the War Zone • Eric Fisher Wood

... and pineapples, grapefruit and coffee until we cried for help. With all this was the most romantic history of the island before the "gringos" came. It was a famous place for pirates and buried treasures and slave pens. It was a sort of clearing house for slaves where they were fattened. I do not believe people take much interest in or know anything about it, but I am going to try and make an interesting story of it for Collier. It was queer to be so completely cut off from the world. There was a wireless but they would not let me use it. ...

— Adventures and Letters • Richard Harding Davis