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financial institution vs clearing house

clearing house vs financial institution

financial institution and clearing house both are nouns.

Word NounAdjectiveVerbAdverb
financial institution Yes No No No
clearing house Yes No No No
As nouns, clearing house is a hyponym of financial institution; that is, clearing house is a word with a more specific, narrower meaning than financial institution:
  • financial institution: an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets
  • clearing house: a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
financial institution (noun) clearing house (noun)
an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
Difference between financial institution and clearing house

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