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 ?
Bake for 35-40 mins until golden and risen, and a skewer poked into the sponge comes out cleanish. Eat with lots of custard, cream or ice cream and extra dribbles of syrup.
Farther out past the Pacific garbage patch, Phelper and his merry Skate Rock crew are rumored to be heading to the tropical, and apparently rock 'n' roll-starved isle of Bali for a week of heavy riffs and cleanish rips.
Still, they'll shift enough to give the new manager a cleanish slate.