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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
There was one strange thing about this wall of light. His father
(he had already come to recognise his father as the one other dweller in the world, a creature like his mother, who slept near the light and was a bringer of meat)--his father had a way of walking right into the white far wall and disappearing.
The dying gleam of an ill-kept fire formed the only light by which I could judge of objects and distances.
Then addressing his companion nearest to him in a low voice: -- "Get a light, Menneville," said he, "and hold yourself ready for anything."
Books were to be written, and since books must be written in rooms, and rooms must have hangings, and outside the windows there must be land, and an horizon to that land, and trees perhaps, and a hill, they sketched a habitation for themselves upon the outline of great offices in the Strand and continued to make an account of the future upon the omnibus which took them towards Chelsea; and still, for both of them, it swam miraculously in the golden light of a large steady lamp.
"Soon a gentle light stole over the heavens and gave me a sensation of pleasure.
Soon the golden light gleamed faintly through the cell, and she heard little voices calling for help, and high up among the heavy cobwebs hung poor little flies struggling to free themselves, while their cruel enemies sat in their nets, watching their pain.
The light suddenly changed its direction, and a long and slightly built boat hove up out of the gloom, while the red glare fell on the weather-beaten features of the Leather-Stocking, whose tall person was seen erect in the frail vessel, wielding, with the grace of an experienced boatman, a long fishing-spear, which he held by its centre, first dropping one end and then the other into the water, to aid in propelling the little canoe of bark, we will not say through, but over, the water.
Now in one direction, and now in another, those instruments let in on the summer-house the horrid light of day.
Their office is to illumine and enkindle -- My duty, to be saved by their bright light, And purified in their electric fire, And sanctified in their elysian fire.
And if he is compelled to look straight at the light, will he not have a pain in his eyes which will make him turn away to take and take in the objects of vision which he can see, and which he will conceive to be in reality clearer than the things which are now being shown to him?
Abruptly closing the window, she threw aside her shawl, and lit the candles on the mantelpiece, impelled by a sudden craving for light in the solitude of her room.