clear

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Related to cleared: clearer, cleared out, cleared up

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 ?
It had cleared in the morning, and the sun was shining with a subdued brightness through the dim veil which hangs over the great city.
He saw that he could easily reach the bow of the boat before it cleared the shore, and then it would not be necessary to make promises of any sort.
Her husband and she had taken up this government land in '57 and cleared it and farmed it ever since, until he died, when she had carried it on.