A place where bankers daily settle their accounts.
Definition of Clearing-House
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Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
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Ballentine's Law Dictionary -
Black's Law Dictionary: 2nd EditionAn Institution organized by the banks of a city, where their messengers may meet dally, adjust balances of accounts, and receive and pay differences. Crane v. Bank, 173 Pa. 566, 34 Atl. 296; National Exch. Bank v. National Bank of North America, 132 Mass. 147; Philler v. Patterson, 168 Pa. 468, 32 Atl. 26, 47 Am. St. Rep. 896.