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 ?
Clean House segments featuring select Dormia mattresses will air nationally on Wednesday nights at 10:00 pm ET/PT on Style Network.
Robert ``Bud'' Ovrom, the former Burbank city manager who has run the CRA for just two years, requested the investigation in his effort to clean house at the agency.
Now, we need to clean house in Sacramento, and our local politico havens.
Why not let the city clean house, reconstruct their finances and budget and live within their rather lavish means?
Cooley has a mandate to clean house, and nothing less than the full prosecution of any and all of City Hall's lawbreakers will do.
After we clean house in Sacramento, the people of Los Angeles can do the same with the same garbage in City Hall and the City Council.
Don't ask me for more money until you clean house and wisely use the money that I already pay.
It covered the enormous range of NHS services - from the scientists and surgeons who devote their lives to developing cures and treatments, to healthcare volunteers who clean houses and do DIY for patients.
Cargill spokesman Steven Fairbairn confirmed letters had been sent to people living near the refinery, offering to clean houses and cars coated by the oil.
Children are being trafficked into domestic service in Britain to clean houses and do chores without pay.