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Related to clearing: clearing house, Bank Clearing

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 ?
Even Sheeta, the panther, crouched for a spring at the edge of the little clearing, moved uneasily as the mighty voice sent its weird cry reverberating through the jungle.
Then Tarzan chanced to look up and across the clearing.
Several other bulls, growling and barking, closed in toward the clearing, but they were all much farther from the balu and the panther than was Tarzan of the Apes, so it was that Sheeta and the ape-man reached Teeka's little one almost simultaneously; and there they stood, one upon either side of it, baring their fangs and snarling at each other over the little creature.
Thus they stood while Teeka came across the clearing, going more slowly as she neared the panther, for even her mother love could scarce overcome her instinctive terror of this natural enemy of her kind.
Now she sat upon a high branch, safe out of harm's way, cuddling the little thing close to her hairy breast, the while her savage little eyes bored down upon the contestants in the clearing, and her ferocious voice urged Taug and the other bulls to leap into the melee.
The terrorist attacks demonstrated ways that operational disruptions to a clearing bank's services could disrupt the trading, clearance, and settlement of government securities.
ATLANTA -- VSoft Corporation, a global information and technology provider of process improvement tools for financial institutions, announced that the Philippine Clearing House Corporation (PCHC) has chosen to implement its Image Capture, Archive, CD Distribution, Online Image Research and Returns solutions.
In general, the Committee on Interbank Netting Schemes' central conclusions about the effects of cross-border and multicurrency netting arrangements also apply to securities clearing organizations (and to futures clearing organizations as well).
In connection with the acquisition of Schonfeld's clearing business, Penson has signed long-term contracts with Schonfeld Securities and the six correspondent firms for which Schonfeld Securities provides clearing services.
The first part is the clearing process in which payment information is conveyed from the payor to the payee, probably through intermediary banks.
Pendergraft, CEO and co-founder of Penson, said: "The GHCO acquisition significantly enhances Penson's capabilities and capacity in futures clearing, in line with our growth plans, and will provide our existing customers a major footprint at the intersection of equities, futures and options at a time of dynamic convergence in the financial services industry.
HONG KONG -- BSG Clearing Solutions (BSG), a subsidiary of Billing Services Group Limited (AIM: BILL), the telecom industry's global clearing and settlement provider, today announced the renewal and expansion of its contract with Telstra, Australia's principal telecommunications company, for financial clearing and settlement services.