English version

London Bankers' Clearing House, the

From Longman Dictionary of Contemporary EnglishLondon Bankers' Clearing House, thethe London Bankers' Clearing HouseˌLondon ˌBankers' ˈClearing House, the  in the UK, an organization owned by the large banks which deals with all the payments made every day using cheques, Switch etc, in order to find out how much each bank owes the other banks or is owed by them
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