单词 | clearing-house certificate |
释义 | > as lemmasclearing-house certificate clearing-house certificate n. U.S. a certificate of deposit issued by a clearing-house, negotiable only between banks belonging to the clearing-house association. ΚΠ 1864 Statutes at Large (U.S.) XIII. 109 Clearing-house certificates, representing specie or lawful money specially deposited for the purpose of any clearing house association, shall be deemed to be lawful money. 1948 G. Crowther Outl. Money (ed. 2) ii. 63 The New York banks were driven to issue ‘Clearing House certificates’, which were, in fact, banknotes, although the law had to pretend that they were not. < as lemmas |
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