See Also: clearinghouse(encyclopedia)
Clearinghouse(money)
Tight money or dear money(finance)
Money(medicine)
In-the-money(money)
Hot Money(money)
money(1)(dictionary)
Fun money(money)
money(2)(dictionary)
pin-money(dictionary)

Clearinghouse (money)


Definition: Association of banks created to exchange checks, drafts, information, and settle account balances among its members.

Definition: [crh] An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with Definition: the proper conduct of delivery procedures and the adequate financing of the entire operation.