Meaning of clearing house | Babel Free

Definitions

1. A central point where clearing banks and other financial firms exchange checks, settle accounts, etc.
2. A hub of collection, maintenance, and distribution of goods, information etc.
   broadly, figuratively
3. A repository structure, physical or virtual, that collects, stores, and disseminates information, metadata, and data

Equivalents

Examples

“The Railway Clearing House, which was established 120 years ago, was disbanded on March⟳ 31. [see⟳ "Further reading" for the Wikipedia article.]”

“The mixed load⟳ is likely to have⟳ come⟳ from Rotterdam, one of Europe's key clearing houses for drugs”

CEFR level