clear

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Clear

To settle a trade by the seller delivering securities and the buyer delivering funds in the proper form. A trade that does not clear is said to fail. Comparison of the details of a transaction between broker/dealers prior to settlement; final exchange of securities for cash on delivery.

Clear

To settle a transaction by the payment of the price and often the delivery of the goods. Because so many transactions occur at a given time, and because they may directly or indirectly involve a number of third parties, such as brokers, dealers, or specialists, clearing firms settle most transactions in exchange for a fee.

clear

To pay for securities delivered into an account and accept funds for securities delivered out of an account.

clear

Of or relating to a trade in which the seller delivers securities and the buyer delivers funds in the prescribed manner and on time. Compare fail. See also good delivery.
References in classic literature ?
he had already come to recognise his father as the one other dweller in the world, a creature like his mother, who slept near the light and was a bringer of meat)--his father had a way of walking right into the white far wall and disappearing.
The dying gleam of an ill-kept fire formed the only light by which I could judge of objects and distances.
The light of the lamp in the circular room poured in through the gap.
One of the fishermen struck light from a stone, set fire to some tinder, and by the aid of a match lit a lantern.
said Monk to Athos, who had turned away, not to expose his face to the light.
Katharine stood where he left her, looking at the window and expecting soon to see a shadow move across it; but she saw nothing; the blinds conveyed nothing; the light was not moved.
Men would say of him that up he went and down he came without his eyes; and that it was better not even to think of ascending; and if any one tried to loose another and lead him up to the light, let them only catch the offender, and they would put him to death.
When night came again I found, with pleasure, that the fire gave light as well as heat and that the discovery of this element was useful to me in my food, for I found some of the offals that the travellers had left had been roasted, and tasted much more savoury than the berries I gathered from the trees.
O King of blight and sorrow, send me not away till I have brought back the light and joy that will make your dark home bright and beautiful again.
A brilliant though waving flame was now plainly visible, gracefully gliding over the lake, and throwing its light on the water in such a manner as to tinge it slightly though in the air, so strong was the contrast, the darkness seemed to have the distinctness of material substances, as if the fire were imbedded in a setting of ebony.
The same night, on their way to the fields, they observed with dismay a light in one of the windows of the house.
Their office is to illumine and enkindle -- My duty, to be saved by their bright light, And purified in their electric fire, And sanctified in their elysian fire.