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Clearing house   /klˈɪrɪŋ haʊs/   Listen
Clearing house

A central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted.

WordNet 3.0 © 2010 Princeton University

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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

Words linked to "Clearing house" :   financial organisation, financial organization, financial institution

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