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Related Terms:
novation
point
repository
settle
outclearing
data
collects
exchange
disseminates
central
hub
virtual
clearing houses
affiliate network
goods
metadata
inclearing
clearance
physical
account
structure
check
information
clearing bank
stores
Definitions:
Noun
clearing house
Definition: a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
Definition: A central point where clearing banks and other financial firms exchange checks, settle accounts, etc.