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 ?
Our goal is to help ensure that Quik Clean Outs is easily found on the Web, making access for Naperville-area residents hassle-free.
2 project in southeastern Alberta, the Company drilled and tied-in for production eight gas wells with initial average field test rates of approximately 250 mcf/d per well after stimulation and clean outs.
Thanks to the company's newly expanded Web presence, these junk hauling professionals are now more likely to be found by both homeowners and businesses running online searches for clean outs, debris disposal, and other relevant property cleaning services.
Coiled tubing horizontal drilling has been used in the past mainly for well extensions and clean outs and only recently for horizontal drilling.