1. a central agency or organization that collects, processes, and distributes information or handles transactions between parties
2. a financial institution that settles debts and credits between banks
Usage: banking

Examples

• The university serves as a clearinghouse for research data from multiple institutions.
• The nonprofit acts as a clearinghouse for job opportunities in the nonprofit sector.
• Banks use a clearinghouse to process check payments efficiently.
• The government agency functions as a clearinghouse for environmental information.
• The organization became a clearinghouse for disaster relief coordination.
• Electronic clearinghouses have revolutionized modern banking transactions.