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