Clearance: close the position and convert it into cash.
Clearance is a kind of liquidation.
Futures market: positions are divided into long positions and short positions.
For example, suppose you buy 10 lots of sugar and sell 5 lots of rebar, then you hold 10 lots of sugar.
5 short positions in rebar.
(1) You sell 10 hand of sugar, close the long position → close the position.
② You buy 5 lots of rebar, close short positions and close positions.
③ When you sell 10 lots of sugar, buy 5 lots of rebar, and close the position → clear the position.
Stock market: you buy 1000 shares 000 1 SDB A.
① You sell 100 shares → close the position.
(2) you sell 1000 shares → clearance.