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 ?
But analysts believe Roche has now "cleared the decks" and can move ahead.
Stenhousemuir last night cleared the decks for new arrivals after releasing keeper Garry Gow, David Menelaws, Paul McAnenay, Paul Ferguson, Nicky Henderson and Jim Henry.
JOE CALZAGHE cleared the decks for a showdown with light heavyweight ace Roy Jones after brilliantly stopping Omar Sheika to retain his WBO super-middleweight belt at Wembley Conference centre last night.
THE government has cleared the decks to appoint Ashok K.