What do you mean by the term clearing price?

Business & Management
#1

Clearing price can be defined as clearing price is that price of a commodity or a security at which the market clears a commodity or a security. Quantity supplied is equal to quantity demanded and buyers and sellers conduct the trade.
A price is a specific monetary value associated with a security or a commodity. Generally, it so happens that sellers expect to get the highest possible price for their product, while buyers want to get it at the lowest possible price