Pronunciation: /ˈklɪrɪŋ haʊs/
noun a central agency for the collection, classification, and distribution of information or materials
A1 A clearing house is a place where payments are processed and settled.
A2 The clearing house helps to facilitate the transfer of funds between different banks.
B1 A clearing house acts as a central counterparty to reduce counterparty risk in financial transactions.
B2 The clearing house plays a crucial role in ensuring the smooth functioning of financial markets.
C1 The clearing house is responsible for ensuring the integrity and efficiency of the payment system.
C2 As a key player in the financial ecosystem, the clearing house plays a vital role in maintaining stability and confidence in the markets.
formal The clearing house is responsible for settling transactions between buyers and sellers in the financial market.
informal I heard that the clearing house is where all the money gets sorted out.
slang The clearing house is like the middleman that makes sure everything is good to go.
figurative In a way, the clearing house is like the referee ensuring fair play in the financial game.
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