Clean

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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 ?
It is possible to use a CDR circuit to track the SSC and produce a clean clock. But not all CDRs can handle SSC, and the units that can are fairly new and may not be available.
Although we have our clean clock from some source, we still cannot measure our SSC.
* Getting a clean clock for a sampling oscilloscope can be difficult and potentially a waste of effort.