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 ?
But Kidderminster did not lie down, Darryl Clarke clearing off the home line and Harriers' Drewe Broughton hitting the post.
Don't worry, I'll find it for you,'' Pascal said, taking the woman's hand and clearing off a spot for her to sit while he and his wife, Shirley, sifted through the rubble to find all the heart medicines they sold.
Luton were nearly beaten out of sight in the first half, with Steve Davis clearing off the line from Tony Humes and Ian Feuer making a super save.