Clear

A trade is carried out by the seller delivering securities and the buyer delivering funds in proper form. A trade that does not clear is said to fail. The New York Times Financial Glossary

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clear clear [klɪə ǁ klɪr] verb [transitive]
1. to give permission for a product to be sold or for a deal to be made:

• The drug has been cleared by the Food and Drug Administration.

• Venezuela's congress cleared the sale of the state telephone company CANTV.

2. BANKING FINANCE clear trades/​transactions to make payments relating to trading on financial markets or trading of goods:

• About 1,000 small brokerage firms are using the company to clear and settle their trades.

• It takes ages for the banks here to clear transactions and it's very expensive.

3. BANKING clear a cheque if a bank clears a cheque, or if a cheque clears, the money is sent from one bank to another and the cheque is paid:

• The fraud relied on managers returning money before the original cheque had cleared.

4. COMMERCE clear something through Customs/​clear Customs to be allowed to take things through Customs:

• Bribery is needed to get goods cleared through customs.

• They cleared customs, but never boarded their flight.

5. FINANCE clear a debt to pay a debt in full:

• The Ivory Coast cleared its debts of $42m.

6. informal to earn a particular amount of money, or to make a particular amount of profit:

• Diane clears £20,000 a year.

7. COMMERCE to sell goods cheaply in order to get rid of them:

• We need to clear the old stock before we can bring in this season's range of products.

clear something → out phrasal verb [transitive] COMMERCE
to sell goods cheaply in order to get rid of them:

• Ford is offering discounts in order to clear out last year's models.

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clear UK US /klɪər/ verb
[T] FINANCE if you clear a debt, you pay back all of the money that you owe: »

Customers should consider clearing their overdrafts and credit card debt before applying for a home loan.

»

By cutting costs and scaling back production, the company managed to clear its debts in under two years.

[T] INFORMAL FINANCE to have a particular sum of money left from the amount you have earned after taxes, etc. have been taken out: »

A city police officer clears about $1,300 every other week.

[T] ACCOUNTING to have a particular amount of money as profit: »

After operating expenses, the resort group cleared $546 million.

[I or T] BANKING if a cheque or payment clears, or if a bank clears it, money is available because it has been successfully paid from one bank to another: »

You will not be able to withdraw funds until the bank has cleared your cheque.

»

International wire transfers may take several business days to clear.

[T] FINANCE to arrange for shares and money to be exchanged at the end of a day of trading on a financial market
[T] to give or get official permission for something: clear sth with sb »

Make sure you clear the budget with you boss first.

be cleared for sth »

Passenger flights outbound from the airport are often cleared for take off only 60 seconds apart.

be cleared by sb/sth »

Employees were cleared by security before they were allowed into the building.

»

clear a proposal/deal/plan

[T] LAW to prove that someone is not guilty of something: clear sb of sth »

An independent review has cleared the company of all charges of fraud.

»

Accused of professional misconduct, he was eventually able to clear his name.

[T] COMMERCE to sell products at a cheap price in order to get rid of them: »

Bob's Auto Dealers is having a huge sale to clear its inventory of last year's trucks.

clear customs — Cf. clear customs
clear your desk — Cf. clear your desk
clear your schedule/diary/calendar — Cf. clear your schedule/diary/calendar

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • clear — [klir] adj. [ME cler < OFr < L clarus, orig., clear sounding, hence clear, bright: for IE base see CLAMOR] 1. free from clouds or mist; bright; light [a clear day] 2. free from cloudiness, muddiness, etc.; transparent or pure; not turbid [a …   English World dictionary

  • Clear — (kl[=e]r), a. [Compar. {Clearer} ( [ e]r); superl. {Clearest}.] [OE. cler, cleer, OF. cler, F. clair, fr.L. clarus, clear, bright, loud, distinct, renowned; perh. akin to L. clamare to call, E. claim. Cf. {Chanticleer}, {Clairvoyant}, {Claret},… …   The Collaborative International Dictionary of English

  • Clear — may refer to: Contents 1 Music 2 Business 3 Technology 4 …   Wikipedia

  • clear — adj 1: unencumbered by outstanding claims or interests a search showed the title was clear 2: free from doubt or ambiguity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • clear — adj 1 Clear, transparent, translucent, lucid, pellucid, diaphanous, limpid are comparable when they mean having the property of being literally or figuratively seen through. Something is clear which is free from all such impediments to the vision …   New Dictionary of Synonyms

  • Clear — Clear, v. t. [imp. & p. p. {Cleared}; p. pr. & vb. n. {Clearing}.] 1. To render bright, transparent, or undimmed; to free from clouds. [1913 Webster] He sweeps the skies and clears the cloudy north. Dryden. [1913 Webster] 2. To free from… …   The Collaborative International Dictionary of English

  • clear — ► ADJECTIVE 1) easy to perceive or understand. 2) leaving or feeling no doubt. 3) transparent; unclouded. 4) free of obstructions or unwanted objects. 5) (of a period of time) free of commitments. 6) free from disease, contamination, or guilt. 7) …   English terms dictionary

  • clear — [adj1] cloudless, bright clarion, crystal, fair, fine, halcyon, light, luminous, pleasant, rainless, shining, shiny, sunny, sunshiny, unclouded, undarkened, undimmed; concepts 525,617,627 Ant. cloudy, dark, dim, dull, fuzzy, gloomy, shadowy,… …   New thesaurus

  • clear — clear; clear·age; clear·ance; clear·ly; clear·ness; clear·starch; un·clear; clear·cole; clear·er; clear·head·ed·ly; un·clear·ly; un·clear·ness; …   English syllables

  • clear — clear, clearly The grammatical situation is similar to that in the preceding entry, with clear available as an adverb in two principal meanings, (1) ‘completely’ (They got clear away), (2) ‘in a clear manner, with clear effect’ (They spoke out… …   Modern English usage

  • clear up — {v.} 1. To make plain or clear; explain; solve. * /The teacher cleared up the harder parts of the story./ * /Maybe we can clear up your problem./ 2. To become clear. * /The weather cleared up after the storm./ 3. To cure. * /The pills cleared up… …   Dictionary of American idioms

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