clearing bank

English

Alternative forms

clearing-bank

Noun

clearing bank (plural clearing banks)

Any of a network of banks that have a formal arrangement for the exchange of cheques, drafts etc.

Translations

bank that has a formal arrangement for the exchange of cheques, drafts etc.

Irish: banc imréitithe m

This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.