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 ?
The suit said, "Sprint is appropriating the commercial spectrum capacity provided by plaintiffs under contract with Clearwire for use in Sprint's own broadband wireless network without the consent of plaintiffs to this diversion.
Evercore Partners acted as financial advisor and Kirkland & Ellis LLP acted as counsel to Clearwire. Centerview Partners acted as financial advisor and Simpson Thacher & Bartlett LLP and Richards, Layton & Finger, P.A.
In November, Mount Kellet Capital Management, a major investor in Clearwire, called on the company's board to sell off its extra spectrum for up to $9 billion instead of selling to Sprint.
About 700 Clearwire employees will transfer to Ericsson in locations around the USA before the second half of 2011.
Jacqueline Klinger, vice president at Northwest Atlantic, who represents Clearwire with vice president Steve Gillman, said, "Our objective was to cover the key areas of metro region with corporate stores, and fill in with the franchisees."
That matters to heavy Internet users who download and play games or music, download video and TV shows, stream movies, or routinely transfer large files, such as photos, Clearwire spokeswoman Debra Havins said.
Clearwire was represented by Jacqueline Klinger, vice president of Northwest Atlantic while the landlord Jaisi Realty was represented by Benjamin Fox, president of retail brokerage Winick Realty Group.
Clearwire announced it has formed a unique partnership with Wish Upon The North Star and presented them with a $2,500 donation to help the organization fulfill wishes of Alaskan children who have life-threatening illnesses.
These 2017 Clearwire notes will be redeemed at a redemption price equal to 112.000% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date.
As a result of the transaction, Clearwire's stock ceased trading on the NASDAQ stock exchange after the close of business on 9 July, Sprint said.
Clearwire, through its operating subsidiaries, is a leading provider of 4G wireless broadband services offering services in areas of the United States where more than 130 million people live.
"The Clearwire board and special committee have determined that the USD5.00 per share transaction with Sprint represents the best path forward for the company and is in the best interest of our unaffiliated stockholders," said Erik Prusch, president and CEO of Clearwire.