Clearinghouse Funds

Business, Legal & Accounting Glossary

Definition: Clearinghouse Funds


Clearinghouse Funds


Full Definition of Clearinghouse Funds


Funds represented by a personal or business check that pass between Federal Reserve System banks prior to approval of credit. Clearinghouse funds are in the process of being transmitted and reconciled through a central processing mechanism. Since these funds have to be processed by the central clearing mechanism, they might not be available as soon as the check is deposited in an account (there is often a delay of a few days).


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Definition Sources


Definitions for Clearinghouse Funds are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.