clearinghouse
clearinghouse Lexical Profile
clearinghouse Game Scores & Validity
• noun
A central financial institution that facilitates the exchange of payments, securities, or derivatives transactions among member banks and brokerage firms to reduce settlement risk.
"Every trade executed on the futures exchange is processed through a central clearinghouse to guarantee that both parties fulfill their obligations."
An agency, central office, or repository that collects, classifies, and distributes information or materials among various individuals or groups.
"The university established an online clearinghouse for peer-reviewed climate research and environmental data."
• Nearby Words
Word Origin & Etymology
Coined in the late 18th century (originally referring to the London Bankers' Clearing House established around 1770), combining 'clearing' (in the financial sense of settling accounts) and 'house' (a commercial establishment).