Clean

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Clean

In the context of general equities, block trade that matches buy or sell orders/interests, sparing the block trader any inventory risk (no net position and hence none available for additional customers). Natural. Antithesis of open.

Clean

1. Describing a block trade in which the buyer agrees to buy all of the seller's securities or inventory he/she is offering. It often happens that a buyer is only interested in, say, half or three quarters of the securities a seller is offering. This leaves the seller with extra securities he/she does not want, and exposes him/her to the risk that they will be sold either at a low price or not at all. A clean transaction spares the seller from this risk, as the buyer takes all the securities offered off of the seller's hands.

2. Describing a company or individual with little or no debt. See: Clean balance sheet.
References in periodicals archive ?
Importantly, once a Clean Slate is attained, the Company plans to offer unique benefits with membership in the "Financial Well-Being Community" such as continuing personal support and heretofore-unattainable services like cell phones, banking services, credit repair and career-retraining.
Goldman continued, "To the best of our knowledge, until A Clean Slate, there has been little 'human interface' and support provided for the consumer after the end result is achieved.
Clean slate - Idiom; an unsullied record; a record marked by creditable conduct: 'to start over with a clean slate.