Clean

(redirected from cleaned house)
Also found in: Dictionary, Thesaurus, Medical, Legal, 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 ?
Christy Petty, 47, said she had been stabbed as she cleaned house by her 18-year-old daughter, Ashley, without provocation.
and held at a Brentwood estate, several stars cleaned house and sold stuff from their personal and professional lives, raising more than $15,000 for the Environmental Media Fund.
This spring, the American Pet Products Manufacturers Association (APPMA) cleaned house and came up with a list of some of the most innovative products to keep pet owners' homes tidy.