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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Clear a position clear span clear title clear-cutting clear-span facility Clearance clearance letter cleared up clearing and grubbing Clearing corporations Clearing Fee Clearing Firm Clearing House Clearing House Automated Payment System Clearing House Automated Payments System |
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