Definition of "clearing-house" []

• An office where banks exchange checks and drafts and settle accounts. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The Indian government decision to shut off the ACU as a clearing-house for oil trades is only one part of a bigger effort."
• "In some ways my blog is a clearing-house for my thoughts."
• "Despite Prime Minister Silvio Berlusconi's promise to resign, yields on Italy's €1.6 trillion $2.2 trillion of debt have rocketed on a poisonous mix of political risk, inadequate euro-zone responses and higher clearing-house margin requirements."