clearing bank

clear·ing bank

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Definitions of clearing bank words

countable noun clearing bank The clearing banks are the main banks in Britain. Clearing banks use the central clearing house in London to deal with other banks. 3
noun clearing bank (in Britain) any bank that makes use of the central clearing house in London for the transfer of credits and cheques between banks 3
noun clearing bank finance; 1
noun clearing bank Any of a network of banks that have a formal arrangement for the exchange of cheques, drafts etc. 0

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This term is known only to a narrow circle of people with rare knowledge. Only 7% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

This diagram is provided by Google Ngram Viewer

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