Clean

(redirected from cleaning 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 ?
France Bans More Muslim scholars The French are cleaning house and kicking out anyone that has even a hint of extremism after the Toulouse massacre shocking events.
Washington, Nov 19 (ANI): Michel Jackson was a fun loving guy who used to love cleaning house and play pranks on dinner table, Frank Cascio, Jackson's decades-long friend turned business associate, has revealed.
On a day when the Congress party seemed intent on cleaning house, the telecom minister once again managed to slip the net.
From there, they can share files with others, edit in a Web browser, and delete when cleaning house.