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 periodicals archive ?
These characters need to have clear lines drawn between the outside world and private life, hence the shell they create so painstakingly between themselves and their real feelings.
NEW YORK-Crystal Clear Industries celebrates a return to luxury at the New York Fall Tabletop Show this week with 24-lead crystal introductions in both its Fifth Avenue Crystal and Crystal Clear lines.
With clear lines and true colors, scenic, costume, and lighting designers followed the choreographer's frank spirit.
Quantrill makes no attempt to draw clear lines or sweeping conclusions.
But at least now there will be clear lines of authority and evaluation.
In addition, team commanders need to establish clear lines of command to ensure the effectiveness of the unit.