Definition of Clearing house. Meaning of Clearing house. Synonyms of Clearing house

Here you will find one or more explanations in English for the word Clearing house. Also in the bottom left of the page several parts of wikipedia pages related to the word Clearing house and, of course, Clearing house synonyms and on the right images related to the word Clearing house.

Definition of Clearing house

Clearing house
Clearing Clear"ing, n. 1. The act or process of making clear. The better clearing of this point. --South. 2. A tract of land cleared of wood for cultivation. A lonely clearing on the shores of Moxie Lake. --J. Burroughs. 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. Note: In England, a similar method has been adopted by railroads for adjusting their accounts with each other. 4. 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.

Meaning of Clearing house from wikipedia

- Publishers Clearing House (PCH) is an American company founded in 1953 by Harold Mertz. It was originally founded as an alternative to door-to-door magazine...
- A clearing house is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions. The...
- The Clearing House is a banking ****ociation and payments company owned by the largest commercial banks in the United States. The Clearing House is the...
- An automated clearing house (ACH) is a computer-based electronic network for processing transactions, usually domestic low value payments, between parti****ting...
- up clearing house in Wiktionary, the free dictionary. Clearing house or Clearinghouse may refer to: Clearing house (finance) Automated clearing house ACH...
- Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque...
- LCH (originally London Clearing House) is a financial market infrastructure company headquartered in London that provides clearing services to major international...
- National Automated Clearing House, introduced by National Payments Corporation of India, is a centralised clearing service that aims at providing interbank...
- from one account to another. Clearing houses were formed to facilitate such transactions among banks. In trading, clearing is necessary because the speed...
- The Railway Clearing House (RCH) was an organisation set up to manage the allocation of revenue collected by pre-grouping railway companies for the conveyance...