clearinghouses

[US]/'klɪərɪŋhaʊs/
[UK]/'klɪrɪŋ,haʊs/
Frequency: Very High

Translation

n. a financial institution that facilitates the exchange and settlement of financial transactions

Example Sentences

The clearinghouse processes all transactions for the organization.

Financial institutions use a clearinghouse to settle payments between them.

The clearinghouse plays a crucial role in ensuring smooth and efficient financial transactions.

Many industries rely on a clearinghouse to manage the exchange of goods and services.

The clearinghouse acts as a central hub for processing and verifying information.

A clearinghouse helps streamline the process of transferring funds between different accounts.

Stock exchanges often use a clearinghouse to facilitate the settlement of trades.

The clearinghouse ensures that all parties involved in a transaction fulfill their obligations.

Online marketplaces may employ a clearinghouse to handle payments and reduce transaction risks.

A clearinghouse acts as a neutral third party to oversee and validate transactions.

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