clearinghouse Definition
- 1a central agency for the collection, classification, and distribution of information or materials
- 2an institution that facilitates the exchange of payments, securities, or derivatives among participating banks or financial institutions
Using clearinghouse: Examples
Take a moment to familiarize yourself with how "clearinghouse" can be used in various situations through the following examples!
Example
The library acts as a clearinghouse for information on local history.
Example
The clearinghouse processes millions of transactions every day.
Example
The organization serves as a clearinghouse for job opportunities in the industry.
clearinghouse Synonyms and Antonyms
Synonyms for clearinghouse
Phrases with clearinghouse
a system or process that facilitates the exchange of goods, services, or information among different parties
Example
The United Nations serves as a clearinghouse mechanism for international aid and development programs.
the role of an organization or institution in facilitating the exchange of goods, services, or information among different parties
Example
The Federal Reserve Bank has a clearinghouse function in the US financial system.
a contract or arrangement between two or more parties to facilitate the exchange of goods, services, or information
Example
The trade association negotiated a clearinghouse agreement among its members to streamline the supply chain.
Origins of clearinghouse
from 'clear' + 'house', meaning a place where things are cleared or settled
Summary: clearinghouse in Brief
A 'clearinghouse' [ˈklɪərɪŋhaʊs] is a central agency that collects, classifies, and distributes information or materials. It can also refer to an institution that facilitates the exchange of payments, securities, or derivatives among participating banks or financial institutions. Examples include a library acting as a clearinghouse for local history information, or a clearinghouse processing millions of transactions daily. Phrases like 'clearinghouse mechanism' and 'clearinghouse agreement' describe systems or contracts that facilitate the exchange of goods, services, or information among different parties.
