clearinghouse. 1. A place where banks exchange checks and drafts and settle their daily balances; an association of banks or other payors regularly clearing items. See UCC § 4-104(a)(4). [Cases: Banks and Banking 318–323. C.J.S. Banks and Banking §§ 647–649.] 2. A stock-and-commodity exchange where the daily transactions of the brokers are cleared. 3. Any […]
copyright clearinghouse. An organization that licenses members’ works to applicants for specific purposes. • A clearinghouse usu. licenses only one type or class of works, such as songs, photographs, cartoons, or written materials.
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clearinghouse association 清算所联合会 为维持清算所正常运行，由银行、商品或证券交易所成员组成的联合会。
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loan certificate. A certificate that a clearinghouse issues to a borrowing bank in an amount equal to a specified percentage of the value of the borrowing bank’s collateral on deposit with the clearinghouse’s loan committee.
central clearing system. A method of facilitating securities transactions in which an agent or subsidiary of an exchange acts as a clearinghouse for member brokerage firms by clearing their checks, settling their accounts, and delivering their payments. • Most transactions are reflected solely by computerized book entries, and clearing-house statements are submitted showing the net
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clearings. Banking. Checks or other items drawn on a local bank and presented for payment through a clearing-house or directly to the drawee bank. See CLEARINGHOUSE(1). [Cases: Banks and Banking 137, 168, 320. C.J.S. Banks and Banking §§ 327–328, 330, 406–407, 420, 422–424, 649.]