🔎 Easier to understand 🚜 A remover 🏦 A payment processor

clearer

6.4

A person or organization that settles payments between banks

noun
/ˈklɪrər/

: cámara de compensación

As a clearer for online payments, the company makes sure that all financial processes are completed smoothly.

Examples

The clearing house acts as a clearer, ensuring that all transactions between the banks are processed efficiently.
So RBC Capital, Royal Bank of Canada Capital is the USO ETF's only clearing broker.
Well, today I wanted to talk about exchanges and clearing houses, primarily stock exchanges.
He suggested that the trusts work together and pool some funds to form a clearing house so that they could bail each other out.
After the transaction, the clearer гарантировал the funds were safely transferred between the two parties.

Synonyms

clearinghouse

vsclearer

Specialized

14 4.6

A place or organization that collects and sends information and payments between groups

focuses on settling financial payments or checks between parties

How Large

clearing house

Specialized

1 4.9

clearer

6.4

local agency

6 3.0

counterparty

Specialized

5 6.6

Surface Forms

clearer singular

clearers plural

Morphology

clearer = clear (semi-transparent) = clear + er

Morphologically regular (verb 'clear' + '-er'), but the specific financial sense is domain-specific and may not be obvious to general learners.

Etymology

The financial use of clearer comes from the verb clear, which also came to mean 'to make a debt or payment free and finished'. So a financial clearer is a person or group that makes payments final and moves money smoothly between banks or companies.