Related Words

Clear Coating: A transparent protective and/or decorative film.

Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery.

Market Clearing: Total demand for loans by borrowers equals total supply of loans from lenders. The market, any market, clears at the equilibrium rate of interest or price.

National Securities Clearing Corporation (NSCC): A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.

Nonclearing Member: An exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations.

Nuclear Area: In prokaryotic cells, a region containing the cells genetic information. Unlike the nucleus in eukaryotic cells, it is not surrounded by a membrane.

Lens Coating: Layer or multiple layers of thin anti-reflective materials applied to the surface of lens elements to reduce light reflection and increase the amount of transmitted light.

Joint Clearing Members: Firms that clear on more than one exchange.

Euroclear: A bond that is (1) underwritten by an international syndicate, (2) issued simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country.

Effective Nuclear Charge: The nuclear charge experienced by an electron when other electrons are shielding the nucleus.