clear

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Clear

To settle a trade by the seller delivering securities and the buyer delivering funds in the proper form. A trade that does not clear is said to fail. Comparison of the details of a transaction between broker/dealers prior to settlement; final exchange of securities for cash on delivery.

Clear

To settle a transaction by the payment of the price and often the delivery of the goods. Because so many transactions occur at a given time, and because they may directly or indirectly involve a number of third parties, such as brokers, dealers, or specialists, clearing firms settle most transactions in exchange for a fee.

clear

To pay for securities delivered into an account and accept funds for securities delivered out of an account.

clear

Of or relating to a trade in which the seller delivers securities and the buyer delivers funds in the prescribed manner and on time. Compare fail. See also good delivery.
References in periodicals archive ?
JANE Hutt told health workers yesterday that setting clear lines of responsibility must not lead to buck passing.
Peter Dunn, the university's press officer, said: ``Police do not believe anybody from the university was involved and they are pursuing clear lines of inquiry.
Commonly considered Balanchine's first masterpiece, the 1928 Apollo is a ballet of clear lines and clarity of movement, a pen-and-ink drawing onstage.
It is thought it will be critical for these decisions to be made now as clear lines will be drawn by the end of 2005 and MVNO-carrier partnerships will be "locked-up" in the next 18 months.
It provides the one thing Los Angeles City Hall hasn't had in 70 years: clear lines of authority and responsibility.
With their clear lines and exploding masses, dynamic rhythms and gestures that even today retain the power of the vernacular, the dances--especially those for the men--seem fresher and more exhilarating than ever.