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clearinghouse Definition

clearing·house (-ho̵us′)

noun

  1. an office maintained by a group of banks as a center for exchanging checks drawn against one another, balancing accounts, etc.
  2. a central office, as for the collection and dissemination of information

clearinghouse Finance Definition

A business where mutual claims are settled between the accounts of member depository institutions. Banking clearinghouses manage check-clearing activities along with electronic fund transfers. A clearinghouse in the futures industry assists the transfer of funds and contracts between members who execute trades. A clearinghouse is a central point for depositing and paying out funds that need to be credited or debited into the accounts of its member firms. A futures clearinghouse also guarantees the performance of the futures contract, despite what the individual member may do. If a member defaults, the collective resources of the members are used to satisfy the claim as necessary. Another role that a futures clearinghouse undertakes is assigning and overseeing the deliveries of future contracts at maturity. In order to be a member of a clearinghouse, a firm generally must be a member of the futures exchange.

clearinghouse Law Definition

n

  1. A place where banks daily exchange the checks, drafts, and other forms of indebtedness that are held by one bank and owed to another, and settle their balances all at one time.
  2. A place where brokers in stock or commodities exchanges daily settle their debits and credits with one another.
  3. A place for the exchange of information concerning a specific topic.

clearinghouse Usage Examples

Preposition: of

information: As a clearinghouse of information, it has been a real task to organize the thousands of pages of information and make it user-friendly.

Converse of object

  • provide: Our intent is to provide a clearinghouse of information and services specific to managing the calibration function within the manufacturing arena.
  • operate: In Australia the Committee for the Advancement of University Teaching ( CAUT ) operated five discipline-based clearinghouses in the mid-90s.
  • establish: The OSCE proposal to establish a regional legislative clearinghouse is being considered.
  • become: Second, the UN coordination mechanism must become a wider clearinghouse for all humanitarian demining activity, not just that of the United Nations.

Preposition: for

  • information: It is part of The Patients Network, a clearinghouse for health information from a variety of sources.
  • material: Developing a clearinghouse for educational materials in the WWW.
  • complaint: To ensure that the database operates as a national clearinghouse for complaints, the FTC has solicited complaints from other sources.
  • resource: The project acts as a clearinghouse for educational resources and materials that may be shared by geography students and academics world wide.
  • activity: Second, the UN coordination mechanism must become a wider clearinghouse for all humanitarian demining activity, not just that of the United Nations.

Adjective modifier

  • national: To ensure that the database operates as a national clearinghouse for complaints, the FTC has solicited complaints from other sources.
  • main: Decided to investigate main charity clearinghouse in drawing in.
  • online: It's basically an online clearinghouse where teachers can " submit ideas for materials or expenses that their students need to learn.
  • virtual: The dominant feature of ERPANET will be the provision of a virtual clearinghouse and knowledge base on state-of-the-art developments in digital preservation.
  • nationally-recognized: We are a nationally-recognized clearinghouse for information and advice to keep evolution in the science classroom and " scientific creationism " out.
  • discipline-based: In Australia the Committee for the Advancement of University Teaching ( CAUT ) operated five discipline-based clearinghouses in the mid-90s.

Noun used with modifier

  • eric: New York, NY: ERIC Clearinghouse on Urban Education.
  • cruise: Buy in US dollars from America's cruise clearinghouse and save up to 75 % .
  • information: For example, is it a public relations tool, an information clearinghouse, or a direct channel for selling products?
  • charity: Decided to investigate main charity clearinghouse in drawing in.