What is the meaning of 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.

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APABarry Goldsmith. (2010). clear. Retrieved August 17, 2018, from http://smartdefine.org/clear/definitions/1149956
ChicagoBarry Goldsmith. 2010. "clear" http://smartdefine.org/clear/definitions/1149956 (accessed August 17, 2018).
HarvardBarry Goldsmith 2010, clear, Smart Define, viewed 17 August, 2018, <http://smartdefine.org/clear/definitions/1149956>.
MLABarry Goldsmith. "clear" 21 October 2010. Web. 17 August 2018. <http://smartdefine.org/clear/definitions/1149956>
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