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TeachMeFinance.com - explain Clearing house sheet historic definition... Clearing house sheet -- The printed form upon which the operations of a bank at the clearing house are recorded. Before the sheet is taken from the bank to the clearing house its claims against other banks are entered on the sheet. Then, at the clearing house the claims of other banks against it are entered on the sheet and the difference in the totals (called the balance) is ascertained. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.