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Glossary > C > "Clear" Definition

Clear

A trade is settled out by the seller delivering securities and the buyer delivering funds in 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.

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Clear - A trade is settled out by the seller delivering securities and the buyer delivering funds in 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 : a trade is settled out by the seller delivering securities and the buyer delivering funds in 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.