1. In Banking, it is a bank-operated affiliated agency or facility within a geographical area. It acts as a central site for collecting, exchanging, and settling of checks drawn on each other. Electronic funds transactions are also cleared by modern clearance houses. 2. In Futures, this is a governing exchange’s agency or affiliate, such as a stock exchange. It acts as a counter-party to every transaction on that exchange. Its accountability includes guaranteeing, reconciling, settling, collecting, and clearing, on all trades.

• PURE CHARITY
• PURE COST
• PURE DEBT
• PURE ENDOWMENT
• PURE EQUITY TRUST
• PURE LOSS COST RATIO
• PURE MONOPOLY
• PURE PLEA
• PURE PREMIUM
• PURE PREMIUM RATING METHOD
• PURE PRIVATE GOOD
• PURE PUBLIC GOOD
• PURE RAW MATERIAL
• PURE RENT
• PURE RISK
• PURE TRUST
• PURGATION
• PURGATION
• PURGE
• PURGE DES HYPOTHEQUES
• PURGING
• PURGING A TORT
• PURGING CONTEMPT
• PUR L
• PURLIEU