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 ?
Right now, she's clearing the decks of other obligations.
In summer, the snow atop Whistler Mountain melts, clearing the decks for hikers and wildflowers.
1)IDC Worldwide Enterprise Instant Messaging Applications 2005-2009 Forecast and 2004 Vendor Shares: Clearing the Decks for Substantial Growth
The Centre is clearing the decks for top 400 universities of the world to set up their independent campuses in India.