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Definition of

clearing house

  • 1. Banking

    institution handling bank transactions an institution that settles accounts between banks, using the clearing system

  • 2. Markets

    institution handling securities transactions an organization that coordinates the confirmation, delivery, and settlement of securities transactions on behalf of exchanges.

    Related definitions of "clearing house"

  • 3. Banking

    institution handling credit card transactions a financial institution, commonly a bank, that processes a merchant's credit card authorizations and payments, forwarding the data to a credit card association, which in turn communicates with the issuer.

    Related definitions of "clearing house"

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Definitions of ’clearing house’ and meaning of ’clearing house’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’clearing house’ and other financial terms with our online QFINANCE Financial Dictionary.

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