cut out


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Cut Out

To refuse to clear a transaction. See also: Clearing house, Settlement, Fail.

cut out

The deletion or withholding of a trade from clearance.
References in periodicals archive ?
PaperBoyo uses a unique style of photography which involves intricate paper cut outs to transform landmarks and locations into other things entirely.
Hand Hold Cut Outs Shall Be Placed Two Inches From The Top Of The Open Box And Shall Be Placed Below The Lid, When Fully Assembled And Fit Together
In March last year the Wales rugby supporter made cardboard cut outs of all 90 competing players in the Six Nations in his front garden.
And while this gown looks quite demure from the front, when the actress turned to the side the key hole cut outs exposed her super-toned torso while keeping her saucy bits covered.
Petr Lederer, who complained to the government after driving his car off the road, said: "The cut outs are distracting.