Clearinghouse (noun)

  1. An organization that provides a central facility for clearing and settling financial transactions.
  2. A central place where information, data, or goods are collected and distributed.

Origin:

Mid 19th century: from clear + house.

Examples:

  1. The clearinghouse is responsible for settling trades between banks and financial institutions.
  2. The clearinghouse provided a centralized location for collecting and distributing emergency supplies.
  3. The clearinghouse was established to reduce the risk of fraudulent transactions.
  4. The clearinghouse operates as a neutral third party to ensure fair and efficient trade settlement.
  5. The clearinghouse is used by the government to track and manage data on wildlife populations.
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