Clearing house funds(redirected from Clearinghouse Funds)
Clearing house funds
Funds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Clearing House Funds
Money that passes between Federal Reserve banks that is not available because the check by which the money is deposited has not cleared. It may take up to three days for the funds to clear and become available in the depositor's account.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved