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 ?
We are removing the dorm parents, and as I have said to the girls, (we are) cleaning house from top to bottom," she said in video news conference from Chicago.
In other words, when someone complains of being knocked out after cleaning house, it's likely more than just a turn of phrase.
In some cases--among the show's most provocative--the curatorial choices led to a critical consideration of conventional divisions of labor, as when Mierle Laderman Ukeles and Martha Rosler documented themselves cleaning house or doing the laundry.
Petroleos de Mexico (Pemex) Director Raul Munoz Leos wasted no time in cleaning house at the state-run oil monopoly.