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Clearing House
An institution that processes financial transactions, such as the exchange of securities, between two parties.
More Details
A clearing house is a financial institution that acts as an intermediary between two parties in a financial transaction. Its main function is to ensure the smooth and efficient settlement of transactions between the two parties.
Example
If you were to buy shares of a publicly traded company through a brokerage firm, the trade would be cleared through a clearing house. This helps to reduce risk and increase the efficiency of your transaction.
Related Terms
Share Certificate
A share certificate at a credit union represents ownership of a deposited amount for a fixed term, earning interest.
Investment
The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
Available Credit
The amount of credit currently accessible on a credit card or line of credit. It is the amount that can be borrowed and used for transactions.