definition of clearing house
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What is a 'Clearing House' A clearing house is an intermediary between buyers and sellers of financial instruments. Further, it is an agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data.
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Boarding house A boarding house is a house (frequently a family home) in which lodgers rent one or more rooms for one or more nights, and sometimes for extended periods of weeks, months, and years.The common parts of the house are maintained, and some services, such as laundry and cleaning, may be supplied. lodging house, also known in the United States as a rooming house, may or may not offer meals. Lodgers legally only obtain a licence to use their rooms, and not exclusive possession, so the landlord retains the right of access.
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clearing account A temporary account that holds costs until they can be transferred elsewhere. For example, a company might use a clearing account to hold revenue and costs when completing year-end fiscal calculations. When the company has finished placing the revenue and costs in the account it can then transfer the amount to the company's net earnings.
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- Check clearing is a daily process in banking and the economy. In order for consumers to do business, banks need to send checks to a clearing house, which verifies that funds are available in the account that the check is drawn on. A check that is drawn on another bank and is presented to a clearing house is called a transit check or a not-on-us check.
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settlement house Definition of settlement house. : an institution providing various community services especially to large city populations.
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clearing Define clearing: the act or process of making or becoming clear; a tract of land cleared of wood and brush — clearing in a sentence the act or process of making or becoming clear; a tract of land cleared of wood and brush…
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DTC Depository Trust & Clearing Corporation. A clearing house that is the largest security depository and post-trade financial services company in the world. Based in New York, the DTCC settles the large majority of securities transactions in the United States, totaling $1.86 quadrillion in value in 2007.
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Clearing (finance) Clearing of payments is necessary to turn the promise of payment (for example, in the form of a cheque or electronic payment request) into actual movement of money from one bank to another.n general, these are the major payment clearing or real-time gross settlement systems of individual countries, but in the case of Europe, there are certain pan-European payment systems. TARGET2 is a pan-European SIPS dealing with major inter-bank payments.
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LCH (clearing house) LCH.Clearnet is a European-based independent clearing house that serves major international exchanges, as well as a range of OTC markets.
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DEFINITION of 'Block House' A brokerage firm with the primary focus of locating potential ... A signficant order placed for sale or purchase of a large number ... Distribution stock refers to a large block of a security which ... A type of trade made on the floor of a securities exchange in ...
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Settlement Houses Other notable early settlement houses were the East Side House in 1891 in New York City, Boston's South End House in 1892, the University of Chicago Settlement and the Chicago Commons, both in Chicago in 1894, Hiram House in Cleveland in 1896, Hudson Guild in New York City in 1897, Greenwich House in New York in 1902.amous Settlement Houses. The best-known settlement house is perhaps Hull House in Chicago, founded in 1889 by Jane Addams with her friend Ellen Gates Starr. Lillian Wald and the Henry Street Settlement in New York is also well known.
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Clearing (finance) (March 2013) In banking and finance, clearing is the time a commitment made for a transaction until it is settled. Clearing of payments is necessary to turn the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another.
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LCH (clearing house) LCH.Clearnet, being a clearing house, sits in the middle of a trade assuming the counterparty risk involved when two parties trade guaranteeing the settlement of the trade.
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What is an 'Automated Clearing House - ACH' DEFINITION of 'Automated Clearing House-ACH'. An electronic funds-transfer system run by the National Automated Clearing House Association.This payment system deals with payroll, direct deposit, tax refunds, consumer bills, tax payments and many more payment services.Next Up.EFINITION of 'Automated Clearing House-ACH'. An electronic funds-transfer system run by the National Automated Clearing House Association.
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- or clearing house. 1. a place or institution where mutual claims and accounts are settled, as between banks. 2. a central institution or agency for the collection, maintenance, and distribution of materials, information, etc. There is no federal agency or clearinghouse that monitors the sale or ownership of guns.
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- With the advent of electronic settlement and the move to dematerialisation of securities, specific clearing systems were required as well as securities depositories, custodians and registrars. Up until this point many exchanges would act as their own clearing house.
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Check Clearing: Definition, Process & Rules Check clearing is the process of moving funds from one account to another. To make this easier to understand, let's think about a regular banking transaction, such as depositing checks. Cindy goes into the bank to deposit ten checks she received from her graduation party.
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Boarding house One of the last remaining textile mill boarding houses in Lowell, Massachusetts, on right; part of the Lowell National Historical Park. A boarding house is a house (frequently a family home) in which lodgers rent one or more rooms for one or more nights, and sometimes for extended periods of weeks, months, and years. The common parts of the house are maintained, and some services, such as laundry and cleaning, may be supplied. They normally provide room and board, that is, at least some meals as well as accommodation. A lodging house, also known in the United States as a rooming house, may or may not offer meals.
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clearing price clearing price. Definition. The price assigned to an asset after buyers have completed the bid and ask process. The clearing price represents the highest negotiated price that the buyer is willing to pay and the lowest price that the seller is willing to take. Mentioned in these terms.
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ACH Terms and Definitions Terms and Definitions. ACH - Automated Clearing House. An organization formed by financial institutions using a computer-based facility to settle automatic payment and deposit transactions among financial institutions in a given geographic area. ACH Debit. Term used to describe a pre-authorized withdrawal, which will be deducted from an account as an EFT transaction.
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WHOLESALE HOUSE • WHOLESALE HOUSE (noun). The noun WHOLESALE HOUSE has 1 sense: 1. a sales outlet offering goods at a discounted price. Familiarity information: WHOLESALE HOUSE used as a noun is very rare.
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- Founded in 1953, Publishers Clearing House is a multi-channel direct marketer of value-based consumer products and magazines. The company calls attention to its products by providing consumers entry for chance to win sweepstakes prizes. No purchase or payment is ever necessary to enter or win.
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Block house Block house A block house is a company which offers middle-man services to find buyers and sellers of large shareholdings. The block house broker doesn’t participate directly in the deal, only helping with the necessary processes of it.
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What is a 'Clearing House' A General Example of a Clearing House. For example, if a member broker reports to a clearing house at the end of the day the total purchase of 100,000 bushels of May wheat and total sales of 50,000 bushels of May wheat, he is net long 50,000 bushels of May wheat.
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What is the Function of the Clearinghousein Medical Billing? What is the Function of the Clearinghouse in Medical Billing? What is the Function of the Clearinghouse in Medical Billing? In medical billing, companies that function as intermediaries who forward claims information from healthcare providers to insurance payers are known as clearinghouses. In what is called claims scrubbing, clearinghouses check the claim for errors and verify that it is compatible with the payer software.
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What is a 'Clearing House' A clearing house takes the opposite position of each side of a trade. When two investors agree to the terms of a financial transaction, such as the purchase or sale of a security, a clearing house acts as the middle man on behalf of both parties. The purpose of a clearing house, therefore, is to improve the efficiency of the markets and add stability to the financial system.