clearinghouse
/ˈklɪrɪŋˌhaʊs/
noun
- An organization that manages the exchange of payments, checks, or securities between banks or financial institutions.
- The automated clearinghouse processes direct deposits and bill payments.
- Futures contracts are processed through a clearinghouse to guarantee performance.
- The clearinghouse verifies and settles all transactions between member banks.
- A central agency or office that collects and distributes information or materials.
- The organization serves as a clearinghouse for educational resources for teachers.
- The research center acts as a clearinghouse for climate data from around the world.
- The website is a clearinghouse for volunteer opportunities in the community.