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Finance Dictionary and Glossary of Investment Terms
Clear
Definition 1.
To settle a trade is settled out 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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Definition 2.
The process by which a check or a bank draft is authorized and confirmed for the transfer of funds from one account to another.
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