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 ?
Friday's announcement by Trade and Industry Secretary Patricia Hewitt, which came with the caveat that Morrison would have to sell 53 Safeway stores, cleared the decks for a new bid from the Bradford retailer.
The crew playfully threatened to throw her overboard as they cleared the decks.
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.