Definition of "clearinghouse"
  1. A facility that handles the settlement of financial transactions between two separate entities, often banks
How to use "clearinghouse" in a sentence
  1. The clearinghouse ensured the efficient transfer of funds between Bank A and Bank B.
  2. Due to the role of the clearinghouse, Bank C had its outstanding obligations paid in a timely manner.
  3. The smooth operation of the financial system largely depends on the effective functioning of the clearinghouse.

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