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
Meaning of CLEAR in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012