Clean

(redirected from A clean bill of health)
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Related to A clean bill of health: on the mend, To take care of

Clean

In the context of general equities, block trade that matches buy or sell orders/interests, sparing the block trader any inventory risk (no net position and hence none available for additional customers). Natural. Antithesis of open.

Clean

1. Describing a block trade in which the buyer agrees to buy all of the seller's securities or inventory he/she is offering. It often happens that a buyer is only interested in, say, half or three quarters of the securities a seller is offering. This leaves the seller with extra securities he/she does not want, and exposes him/her to the risk that they will be sold either at a low price or not at all. A clean transaction spares the seller from this risk, as the buyer takes all the securities offered off of the seller's hands.

2. Describing a company or individual with little or no debt. See: Clean balance sheet.
References in periodicals archive ?
In a direct blow to the Murdoch version of events, the lawyers said that there were no chances of the firm being asked to provide News International with a clean bill of health, the Daily Mail reports.
ANIMALS at a Teesside charity's base in Norton have been given a clean bill of health after checks for E.coli.
A baby smaller than her mum's hand when born has finally been given a clean bill of health by doctors.