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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebClearing HouseDefinitionA clearing house refers to an institution or organization that facilitates the settlement of financial transactions between parties involved in a transaction, ensuring the process is efficient and secure. Senses and Usages1. Financial IndustryIn the financial industry, a clearing house acts as an intermediary between buyers and sellers to ensure proper settlement and clearing of trades, reducing risks associated with financial transactions. Example Sentence: The clearing house guarantees the timely transfer of funds from the buyer to the seller after a successful trade. 2. Real EstateIn real estate, a clearing house may refer to a central agency that handles the processing of property transactions, including the transfer of ownership and settlement of funds. Example Sentence: The local clearing house successfully coordinated the sale of the property, ensuring a smooth transition of ownership. 3. PublishingIn the publishing industry, a clearing house serves as a platform that connects publishers with potential authors, helping match manuscripts with publishing opportunities. Example Sentence: The clearing house received numerous manuscript submissions and provided authors with insights on suitable publishing companies. 4. Local CommunityWithin a local community, a clearing house can be an organization that collects, organizes, and disseminates information or resources to benefit the community as a whole. Example Sentence: The local clearing house assists residents by providing information about available social services and support programs. Related Products | ||||
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