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 ?
JOE CALZAGHE cleared the decks for a showdown with light heavyweight ace Roy Jones after brilliantly stopping Omar Sheika to retain his WBO super-middleweight belt at Wembley Conference centre last night.
The other studios really cleared the decks for `Deep Impact,' '' said analyst Arthur Rockwell of Drake Capital Management.
By its own admission, management cleared the decks in the fourth quarter in order to reduce inventory levels heading into 2007.
THE government has cleared the decks to appoint Ashok K.
Aarushi's parents Rajesh and Nupur Talwar had filed a plea seeking review of its January 6 order in which the apex court had cleared the decks for the couple's trial in the murder case by dismissing their plea to quash criminal proceedings against them.