Clean Shares Definition

Clean Shares Definition

What Are Clean Shares? Clean shares are a relatively new class of mutual fund shares. The mutual fund industry introduced clean shares, along with T shares, in response to the Department of Labor’s fiduciary rule. This conflict of interest rule was designed to put an end to unscrupulous behavior among brokers and financial advisors, such

Cleantech Definition

Cleantech Definition

What Is Cleantech? In finance, the term cleantech—short for clean technology—is used to refer to various companies and technologies that aim to improve environmental sustainability. Usage of the term has varied over the years, with some users treating it synonymously with terms such as “green technology” to refer to renewable energy sources, new methods of

Clean-Up Requirement Definition

Clean-Up Requirement Definition

What Is a Clean-Up Requirement? A clean-up requirement is a condition that is often written into the contracts of annually renewable lines of credit or revolving lines of credit. Clean-ups aren’t usually required on secured credit cards or lines. A clean-up requirement clause may require the borrower to pay off any outstanding balance on the line of credit

Definition, How It Works, Example

Definition, How It Works, Example

What Is a Clearing Corporation? A clearing corporation is an organization associated with an exchange to handle the confirmation, settlement, and delivery of transactions. Clearing corporations fulfill the main obligation of ensuring transactions are made in a prompt and efficient manner. Clearing corporations are also referred to as “clearing firms” or “clearing houses.” Understanding Clearing