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Buy-In |
Also found in: Wikipedia | 0.06 sec. |
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Buy-In When an investor is forced to repurchase shares because the seller did not deliver the securities in a timely fashion, or did not deliver them at all. Notes: Those who fail to deliver the securities will be notified with a buy-in notice. Failure to answer the buy-in notice means the broker can buy the securities and deliver them on your behalf. You must then pay back the broker at whatever price.See also: Sell-Out |
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NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) has developed a new Web-based system that will standardize and automate the creation, delivery and tracking of buy-in notices for the securities industry and provide a single point of entry for brokers sending or receiving buy-in notices. |
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Buy-In
