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 ?
CLEARING THE DECKS: The Royal Sun Alliance office in Old Hall Street,Liverpool
After clearing the decks at the end of the campaign, McAllister's rebuilding operation is well under way and the Scot has added Albion Rovers' highly-rated 'keeper Scott Shearer to the roster as well as snapping up Wrexham hot-shot Andy Morrell, the third division's top scorer last term, and 21year-old Graham Barrett from Arsenal.
One wonders whether some information might have been presented in lists or in appendices, clearing the decks for a more readable analysis of the culture.
In summer, the snow atop Whistler Mountain melts, clearing the decks for hikers and wildflowers.