Glossary entry (derived from question below)
English term or phrase:
pre-clearance
English answer:
advance approval
Added to glossary by
Chris Rowson (X)
Nov 19, 2006 18:06
17 yrs ago
14 viewers *
English term
pre-clearance
English
Bus/Financial
Business/Commerce (general)
securities trading
You should not trade in ABC Company securities without first obtaining pre-clearance.
(what does it mean in this context?)
(what does it mean in this context?)
Responses
4 +4 | advance approval |
Chris Rowson (X)
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3 +1 | authorisation - you must be authorised to do so |
Anna Maria Augustine (X)
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Responses
+4
4 hrs
Selected
advance approval
It means that people who want to trade in those securities should obtain clearance – approval – before making the trade. It is common for employees of a securities company to have to obtain pre-clearance before trading in the securities of the company, and it can apply to other groups of people in particular cases.
4 KudoZ points awarded for this answer.
Comment: "Thank you very much!"
+1
48 mins
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