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 ?
Gudur police said the boy was too small to work at the eatery and as a result couldn't complete jobs such as cleaning plates and tables to Reddy's satisfaction.
Cleaning plates and utensils in the sink pollutes up to 28 times more water and uses twice the energy of a dishwasher.
Prior to launching MGA in 1979, he worked his way through his undergraduate career at California State University, Los Angeles, by cleaning plates.