1. A place where banks exchange checks and drafts and settle their daily balances; an association of banks or other payors regularly clearing items. See UCC ¡ì 4-104(a)(4). [Cases: Banks and Banking 318¨C323. C.J.S. Banks and Banking ¡ì¡ì 647¨C649.]

2. A stock-and-commodity exchange where the daily transactions of the brokers are cleared.

3. Any place for the exchange of specialized information. ¡ª Also written clearing house.

How do Chinese lawyers translate the term CLEARINGHOUSE?
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