Word
clearinghouse
Phoneticsclear·ing·house, stress on the first syllable
/ˈkɫɪɹɪŋˌhaʊs/
Countable noun
Definition
n. a central place or system that collects money or information from many people and then sends it to the right place. You see it in banking and other large systems.
n. a central institution that collects, checks, and passes on payments, claims, or information between different parties. Typically acts as a neutral intermediary that settles transactions or routes requests among members.
Examples
“The bank uses a clearinghouse to process daily payments.”
“The publishers send all royalty payments through a clearinghouse that divides the money between authors and illustrators.”
“Acting as a neutral clearinghouse for medical data, the registry collects anonymized records from hospitals nationwide and makes them available to researchers studying rare diseases.”
Examples
simple
“The bank uses a clearinghouse to process daily payments.”
contextual
“The publishers send all royalty payments through a clearinghouse that divides the money between authors and illustrators.”
complex
“Acting as a neutral clearinghouse for medical data, the registry collects anonymized records from hospitals nationwide and makes them available to researchers studying rare diseases.”
Usage
Often followed by 'for' to specify what is handled ('a clearinghouse for information').
Real-World Examples
“The clearinghouses, known as central counterparties, stand between both sides of trades and ensure their completion even if one side goes bust.” “The information and news organization revealed on Wednesday that this new offering will serve as a central clearinghouse, enabling banks, corporations, asset managers, hedge funds, and others to verify identity documentation for the entities they engage with.” Related words
- Exam level
- CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.C1 AdvancedIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.7.0–8.0TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 5.0–5.595–113TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.945–990
- Frequency
- Occasional
- Level
- C1 · Advanced
- Updated
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