clearing firm
Definition
An organization which works with the exchanges to handle confirmation, delivery and settlement of transactions. Such corporations play a key role in ensuring that executed trades are settled within a specified period of time and in an efficient manner. also called clearing corporation or clearing house.
Use clearing firm in a sentence
“ You may want to find a good clearing firm to do business with that may make things easier for your company. ”
“ He worked for the clearing firm and we were all happy to start working with him and finding out what he did. ”
“ The clearing firm had confirmed the transaction so we were able to tell the client that the transactions were complete. ”
