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 ?
Geared toward assisting industry professionals, the media and the public, STEALTH's Clearing the Air materials address misperceptions and clearly communicate the factors affecting concealment solution selection in three common concealment category groupings: - Roof Top Concealments, Concealment Poles and Concealment Structures.
Soma wants to remove uncertainties from its discussions with carriers," Solis concludes, "so it is clearing the air by paying royalties to Qualcomm.
The companies integrated Aether's PacketCluster Patrol(TM) mobile data application with Visteon's TACNET system, which maximizes police cruiser space by clearing the air bag path and reducing electronic equipment in the passenger compartment.