clear 1

clear 1 definition - business

clear 1

  1. To pay for securities delivered into an account and accept funds for securities delivered out of an account.
  2. To collect funds on which a check is drawn and make payment of the funds to the person who presented the check.
  3. To make a profit after all expenses are considered. For example, a person might sell a piece of real estate and clear $50,000 after realtor fees.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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