Clean

(redirected from clean out)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia.

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 ?
As you think about which fishing lure to try on your next ice fishing trip, or where to go cross-country skiing on a forested trail far from industry and the bothers of civilization, you might wonder, "What do mercury clean outs have to do with me?"
"Because we offer a UV LED cured spot repair system for main lines with six through 18 inch pipes, it made sense to add the Flex Seal system to address problems in small diameter-sewer laterals from the clean outs."
The school clean outs will involve removing outdated and unwanted chemicals from schools at no cost to the participating schools.
Under e-cycleNYC, enrolled buildings can opt for on-site collection bins, room clean outs or whole building events when the items will be transported from the building by experts.
The clean outs will also need to be moved inside the property line, new weeping tile will need to be installed under the edge of the pool deck and hooked up, and a temporary chain link fence will have to be installed on moveable footings.