clearinghouse

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 place for the exchange of specialized information. — Also written clearing house.

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词条贡献者

法律翻译Jenny，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与重组与破产有关的法律文件。