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 ?
23 (ANI): Clearing the air regarding the disqualification of 20 Aam Aadmi Party (AAP) MLAs, constitution expert Subhash Kashyap confirmed that the Delhi High Court had not revoked the disqualification order.
"Communication is really key and clearing the air, or just having a discussion, has been positive for us."
21(ANI): The Congress party, on Wednesday, clearing the air said that Raj Babbar has not resigned from his position as the Uttar Pradesh Congress President.