clearinghouse

Definition

An agency associated with an exchange, which settles trades and regulates delivery.

Use clearinghouse in a sentence

I went to the clearinghouse and was very impressed with what I found and so was my friend, who went with me.

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The clearinghouse was the final arbiter of truth with regards to whether the trade went through before the business day closed.

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After submitting a sell order for his stocks, Randy had to wait several business days in order for the clearinghouse to write him a check.

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