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 ?
Then I thought of the Great Fear that was between the two species, and for the first time, with a sudden shiver, came the clear knowledge of what the meat I had seen might be.
The sky kept very clear, except for a hazy cloud or so.
It is clear that the man who advocates the conclusion of a peace, and that the Minister should command the army, does not love our sovereign and desires the ruin of us all.
It is quite clear that she intended the Manuscript for immediate publication, as soon as the Iron Heel was overthrown, so that her husband, so recently dead, should receive full credit for all that he had ventured and accomplished.
This, we may say, is the one moot question that this new-found document clears up.
What we've got to do is actually and literally to clear that raffle.
When the topmen clear the raffle with their clasp-knives in their teeth,'" she quoted at me; and for the rest of the afternoon we made merry over our labour.
Impatiently do I then wait, that the clear sky may finally dawn for me, the snow-bearded winter-sky, the hoary one, the white-head,--
Riach, besides, announced from the top that he saw clear water ahead.
On this course nine obstacles had been arranged: the stream, a big and solid barrier five feet high, just before the pavilion, a dry ditch, a ditch full of water, a precipitous slope, an Irish barricade (one of the most difficult obstacles, consisting of a mound fenced with brushwood, beyond which was a ditch out of sight for the horses, so that the horse had to clear both obstacles or might be killed); then two more ditches filled with water, and one dry one; and the end of the race was just facing the pavilion.
ALL that the boatswain, out of a superabundance of yells, could make clear to Captain MacWhirr was the bizarre intelligence that "All them Chinamen in the fore 'tween deck have fetched away, sir.
Besides, he that clears at once will relapse; for finding himself out of straits, he will revert to his custom: but he that cleareth by degrees, induceth a habit of frugality, and gaineth as well upon his mind, as upon his estate.